All Forum Posts by: Andy J.

You don't have to pay for a list. Find a good local title insurance company (if they have them in your state), some of them give you access to lists for free if you're a customer. In my case I went to the title company and said "I want to be a customer, can you give me access to your comp service and lists?" They said yes.

Consider sending postcards instead of envelopes. Heck of a lot easier and cheaper. I get mine for $0.37 each including printing, postage, and mailing service.

Not sure if this qualifies as unusual, but we have had decent luck using doorhangers. They're cheap and it's a good way to actually get out and see a neighborhood, talk to people who live in and know the area, and meet potential leads. If you're a very social person these can be an incredible tool.

I will heed your advice and change to 2% option consideration, again not specifically advertised but only when people ask. I have the ad posted on 10 or so websites. We do bandit signs, approx. 62 of them out today.

The websites I have posted are:
craigslist
backpage
kijiji
ahrn.com
rentals.com
rent-to-own.us
rentals.nationalrelocation.com
realestatecolorado.net
rentdigs.com
coloradosprings.olx.com

I will look into postlets, any more good recommendations on websites?

I hear what you're saying Jeff. I don't advertise the 3.5% down, in any advertisement that calls for it I say "low down payment, easy qualifying". I only tell people 3.5% if they ask about the down payment and if they seem hesitant or overwhelmed I tell them we can lower that and make higher payments for a while. Perhaps you're right though 2% may be more realistic and I should just start out there.

Coastal Funding[link removed]

You can fill out a couple of fields on their web page and they email you a letter immediately. I've never used their services or their letter before but other investors have told me they work. There's a few other sites like this, google is your friend.

Scott, are you recommending that I post more than once a day per section?
By the way I'm from the Ann Arbor area, I hope the Great Lakes State is treating you well in this market.

I sent out 2500 of these about a week and a half ago, thus far slightly over 4% They still need some tweaking but my mailing list could use some work too.

Send me a PM with your address, I'll see if I have one lying around to send you.

It's a 4x6 postcard, double sided. Full color both sides. No pictures, no fancy logo's, matte or uncoated finish (no gloss). Big bold headline with the owner's name as the variable field then some short copy with their address as a variable field (i.e. I want to buy your house at 123 main st).

I mean flexible down payment not whether it's non-refundable, ideally I'd like 3.5% but if they squirm I'll take half of that. I'm telling people $94,900 which is approx 8% above market price. My rent is $895 where others are straight renting $800-850 and I'm telling prospects $100 rent credit monthly towards the purchase.
HOA does allow rentals, HOA fees are covered in my sub-to debt service of $800 mo., I'm not asking the renters to pay that on top of rent if that's what you're asking.
The townhouse is in an ok area, they look fantastic, great curb appeal, close to Military bases in Colorado Springs which are bringing in another 25,000 soldiers in the next 2 years.
One couple looked at the house for a minute and said it was too small for them, another couple seemed to like the place but they didn't poke and prod too much. They asked for applications but the following day said they didn't think they could do it. Another lady was looking for her daughter, but she did ask if she could re-paint (good sign?).
I'm not sure what is meant by "ghosted" on craigslist. I post once a day (about 8:45 am). I'm thinking it may be better to post around 3:00 so I'm nearer the top when people start getting home from work, thoughts on that approach?