All Forum Posts by: Brian G.

I would recommend trying Podio.com for your organizational needs. It's free to join, has a free mobile app, and is pretty simple to use.  (credit goes to @Ibrahim Hughes for introducing me to Podio.) 

Microsoft Excel is another option if you want something more basic.

For door knocking, or any other marketing strategy you decide to use, I recommend you keep in mind that this is largely a numbers game. You'll have to develop a high tolerance for "rejection", but if you stick with it, the deals are out there.

And I would highly recommend you find a local active investor who you can provide value to (for free), in exchange of them helping you learn the ropes.  For starters, you could bring them any leads you find, and they can help you see if they are worth pursuing further. 

Good luck.

@Michael Hayes  I would definitely send them a letter, and as @Tim Ball mentioned, follow up with a phone call or even go door knock.

There are some owners who won't be ready to sell yet (for whatever reason), but just keep them on your list and follow up periodically.

For what it's worth, every deal I've been involved with that closed was a vacant property.

Thanks for sharing your experience, Rick.

You're right that I made that decision based on an assumption.

I'll include them now and see what happens...

I don't mail to any probate leads if a surviving spouse still lives in the subject property.  My thinking was they would be more emotionally involved, so I choose to leave them alone.

And as you mentioned, I verify ownership of the property by checking the tax database.  It should be pretty quick if you can access it online.

That's probably a safe bet, but I would check with your buyers. 

I was just using new kitchen/bathrooms as an example of how a buyer might be budgeting for more repairs than you initially estimated.

My guess is your asking price is too high.

In my market, even if the house looks decent, rehabbers will generally be updating the kitchen and bathrooms, refinishing the floors, painting, etc. 

If the buyers in your market have similar plans, the numbers look too tight at a $75k purchase price.

If you want to keep the momentum going, you could send out more mailers to other sellers.

And I would make sure you keep your phone on you and be ready to answer any incoming calls.

Good luck.

What is your goal?

Are you looking to find a property that you can wholesale/assign to another investor?

If so, the next step is to screen the calls you receive, and then set an appointment to see the leads that have potential.

@Jonathan Nelson

I think you might find that a lot of sellers want retail for their homes in Florida as well.

Wholesaling, in my experience, is VERY much a numbers game.

If I'm reading your previous post correct, you were marketing for around 2 months before changing your focus to a different market?

In my opinion, two months might not have been a long enough time frame to make an accurate judgment on your local market.

For what it's worth, it took me MUCH longer than that to finally piece together my first deal.

Have you considered just partnering with someone in/near your local market of Toronto?