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All Forum Posts by: Alex E.

Alex E. has started 12 posts and replied 20 times.

Post: setting appointments

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

I was wondering how everyone here takes in calls. Like, do you present yourself as a professional or do you present yourself like a regular guy looking for a house for himself?

Because I have been having a hard time setting up appointments. It seems that people are reluctant to schedule, and they said they will call me back.

They also ask how I got their information, and I tell them I went to town hall, and then when I ask how many beds and baths or other house information, they tell me to go get that information from town hall and call them back.

How can you make the conversation go well the first time so you can set up appointments?

Thanks!

Post: wholesaling properties under distress

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

I see, I think I understand now why rehabbers want to buy from FSBO. Otherwise, they have to deal with the lender's restrictions.

Post: wholesaling properties under distress

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

I have heard that the best properties to wholesale are the ones where the owner has almost 100% equity. But can you wholesale properties where the owner has a loan-to-value ratio of 90% to over 100%, where the person is either struggling to make monthly mortgage payments and / or his home is worth lower than his monthly payments?

I was thinking that in this case, the person just wants to get rid of his property and doesn't care how much he sells the property for.

Post: creating those yellow direct mail letters

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

I have been trying to create the yellow letters with the yellow note pad paper, but the sentences that I am writing are not aligning with the lines in the yellow paper. Do you have to have the sentences fall perfectly on the yellow paper?

I think the yellow pad paper is lighter in weight than the traditional white paper and so the print shifts it when it prints it.

I first trace the lines of the yellow paper and then write out my content. Then I erase the lines and print it out on the yellow pad paper, but as I said earlier the sentences are not falling neatly on the lines.

Can anyone tell me how they are printing out their letters with yellow note pad paper?

Thanks.

Post: direct mail letter - getting stolen

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

Yeah, thanks guys, I feel a little relieved... I was worried that if a few investors copied my letter then we would eventually be stepping on each other and crowding each other out.

Post: direct mail letter - getting stolen

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

Hi,

I just created a direct-mail letter piece that is really good and it is well-worded. Other people have said that it is very good.

But, I am a little concerned since if I mail it out then someone else is going to copy it. Is this part of the business? Has anyone had a good marketing piece and had someone else steal it?

If it is going to get stolen eventually, then I guess that is good news in a way because it is inevitable.

Thanks.

Post: building your buyers list

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

Thanks a lot Steve!

Post: building your buyers list

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

So basically, these types of investors are not permanent or ongoing buyers like rehabbers, meaning that they are usually one-time buyers?

Post: building your buyers list

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

Hi,

Who else do you want to include in your buyers list besides rehabbers, since you can also wholesale properties that are not in distressed condition.

What other types of real estate investors do you want to find for your buyers list, and how can you get in contact with them?

Thanks!

Post: how bad should the condition of the property be?

Alex E.Posted
  • Boston, MA
  • Posts 20
  • Votes 1

Hi,

I have been wholesaling for a couple months now and I initially thought that properties should be in terrible condition for a rehabber to be interested. But, I have talked to a few rehabbers and they say they will do some light rehabs.

Can anyone provide some examples of a light rehab and how much a light rehab usually costs? What is the bare minimum of how much a rehabber is willing to spend on renovating a property and doing a cash-buy so that it is worth the time and effort?