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All Forum Posts by: Tom Myers

Tom Myers has started 12 posts and replied 43 times.

Post: Dropping over 2k pieces of mail this week

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

Spoke to jerry puckett today. Going to launch 1000 letter month campaign. ready to roll

Post: Dropping over 2k pieces of mail this week

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16
Originally posted by @Ryan Dossey:
Originally posted by @Tom Myers:

Any one have a link to the original post? Would like to learn implement some of the same strategies my self. Edit- nvm I found it.

Anyway can you explain in detail the type criteria of the absentee owner you are mailing? Like how soon do you mail from the last sale date? all high equity? Anything really important that we should be doing when filtering the lists? Also are you sending yellow letters? post cards? A standard letter?

any help would be greatly appreciated. 

Thank you

 Howdy Tom. 

I'm glad to help anyway that I can. I do not filter by sale date.... Why? I have done 3 deals from investors who have bought a home and ran out of funds on the rehab. (We're talking people who've owned for a year or so.) I've also bought from investors who bought it to flip and are excited about making a profit to do no work to the home. 

I filter the list to remove duplicate addresses. I pull 40%+ equity. I'm sending a yellow letter type of marketing. I'm not a fan of postcards.

Ryan. Thank you. The non filter by sale date is gold. I'm going to start using that.

Post: Dropping over 2k pieces of mail this week

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

Any one have a link to the original post? Would like to learn implement some of the same strategies my self. Edit- nvm I found it.

Anyway can you explain in detail the type criteria of the absentee owner you are mailing? Like how soon do you mail from the last sale date? all high equity? Anything really important that we should be doing when filtering the lists? Also are you sending yellow letters? post cards? A standard letter?

any help would be greatly appreciated. 

Thank you

Post: Should You Ever Pay Above Market For A Cash Flowing Property?

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

Absolutely, IF you can get seller financing on your terms.

I have started making asking price/ above asking price offers but with terms that still allow me to cash flow and to have 4-5 REAL exit strategies. 

Post: Chris McClatchey CFRI Class on Saturday.

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

I signed up and vetted cfri first, and did some research on the guy first. He does up sale but they say there is enough content to take from the class to start apply today. 

Post: Chris McClatchey CFRI Class on Saturday.

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

Who's going? 

Post: 20+ unit off market property in Fayetteville, GA

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16
Originally posted by @Account Closed:

What year builds?

Also, I noticed that you are an agent. Do you have any clients wanting to or need to dispose of assets in you immeditae area, or any maket that you are asssocitaed with, SFR that yield 18.5% , lets say 40-100 assets post 1970 build? Turnkey?

not 18.5% more in the 8-12% range. 

Post: 20+ unit off market property in Fayetteville, GA

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16
Originally posted by @Dante Pirouz:

What's the asking price?

 1.5M 

Post: 20+ unit off market property in Fayetteville, GA

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16
Originally posted by @Sean Richway:

@Tom Myers  Would the sellers consider a seller finance structure?

 No

Post: 20+ unit off market property in Fayetteville, GA

Tom MyersPosted
  • Investor
  • Orlando, FL
  • Posts 49
  • Votes 16

FYI, these are not "listed" properties, it is with another broker I work with in ATL.  We are covered by the seller.