All Forum Posts by: Shawday Bentley

That story was/is incredible! Those people will forever be grateful to him as I would be! God bless him (Although by this incident it's very obvious He already has!!!)

I wouldn't be surprised if there is a movie made about this- at least one made for TV (you know AT LEAST lifetime will do it haha)

This is a funny post. Those houses WERE SCARY! What is even scarier?! The fact that my hubby and I took a road trip and ended up going through the country of North Carolina, and saw about 20 that are even scarier than those!!

No - the team my hubby & I root for didn't make it that far (almost!) But what a way to celebrate your team making it!

HAVE FUN!!!

My experience with them about a year ago was ABSOLUTELY awful. I called everyday for a month or so. I had all the papers I needed and kept faxing it over but no one was receiving the fax. I couldn't request to talk to the same person twice (so I was talking to a different foreign person every day!) and no one could tell me where my faxes were going. That isn't even the worst of it - definitely the worst bank I had ever dealt with.

Fortunately - they just got bought out. So all that might be different now!

http://www.washingtontimes.com/news/2009/jan/03/group-buys-failed-indymac-for-139-billion/

Oh, there is also usually an assignment contract signed by you and the end buyer, also.

To answer the 2nd questions:

It starts with the contract. On the line where you put the buyer's name you place your name followed by "and/or assigns."

This allows another party to become the buyer. Then you just determine how much you want (ex:$5,000) and you charge the investor that fee. They end up buying the house, not you.

It is hard for me to say which would be best. I have tried typed letters that were signed, HANDWRITTEN letters (quick notes), and postcards- but they were all for different types of deals.

I agree with Dan with the whole "test it yourself" approach. Try a few different ones and track the success rate.

Oh PS. I totally agree with Paul. The building of relationships will be good on this one. Try to make an effort to call a certain percentage of those leads yourself, or the ones that seem like "go aheads" - the thing that scared me the most was when people actually answered the phone! I was terrified to just talk to them! Try and work on doing that often, and if you can get past the nervousness of a cold call- you're already a BIG step ahead of a lot of people!!

Hey there Paul!

Unfortunately I can't give you any statistics or anything on this type of marketing because it's not something that I've honed in on for very long - but a few tips!

Houses with for sale AND for rent signs are people who are most motivated

Go for it! Just start out hiring one person, have that person make a certain amount of calls for, a certain amount of time (obviously your decision) Best case scenario - you'll get a ton of deals and learn all the rights and wrongs of what to say on the phone. Worst case scenario - you won't get any deals but you will learn a lot about what to do and not to do, AND you'll get your name out there and make contact with tons of people who might, down the road, come back to you.

Experience is everything and people succeed and fail at ALL different types of marketing and in all niches!

GOOD LUCK!

I agree with both John and Mike. I think another important thing to keep in mind is that after you go to a few of these meetings (the REIA group I meet with meets once a month), it will be extremely obvious which investors are actually doing things- and big things at that.

We started each meeting with "open floor" where people could advertise a service, a property, or share a story.My experience was that about 80% of the people in the room where either new, doing very few deals (or getting very little response from whatever marketing they were doing), or just weren't doing anything at all! Meanwhile, about 20%- maybe even less, always had an assignment, a story of success, etc.

Maybe you could talk to them and tell them how much you admire what they are doing, ask for tips, be interested in their property available and kind of 'pick their brain' as to how they acquired it, etc.

GOOD LUCK! :D