All Forum Posts by: Trevor Schmitt

Hi Andy, 

Same as @Sally Berry, I use an insurance broker. I am in the process of renewing insurance right now... and prices have really gone up! With that being said I think it is great that you are asking these questions now... a couple of my premiums would have doubled on their renewal. 

It is crucial to know when your renewal is up and make sure to shop around different options... the increase in price recently is significant. 

Nice to meet you, Dock!

I am located in Fargo, would love to grab a coffee with you at some point. Please do reach out if you ever make your way down here.

Curious to learn where you are in your investing journey and where you are headed. 

Talk soon! 

Keep calling... try mortgage brokers. 

You should be able to find a lender that will lend to you that amount based off of your bank statements. 

Google local contractors and start making phone calls. Obtain multiple bids... a minimum of three, aim for 5+. Also, local department stores may have a list of contractors you can contact as well. 

My thought is that you have not made enough phone calls or spoke to enough people. You might have to call 30+ people to get 3-5 to come give you a bid. This is a reoccurring theme in the world of real estate... my advice is to get used to this notion and have the thought process of continuing to speak with as many people as it takes to get the answer you are looking for.

Hi Andy, 

When I received a lead with just a property address, via a home evaluation for example, and no other contact info... I would write a hand-written letter to them using a branded post card with all of my information on it. Get the letter in the mail either that day or the next so they receive it while you are top of mind! 

I would use it as a soft outreach opportunity and simply thank them for visiting my website and let them know that I am there to use as a resource if they have any specific questions. 

You can record the activity in your CRM and plan to do the same again down the road, maybe 1-6 months, depending on your strategy. 

Get in touch with the city assessor's office. They will be able to best answer this question. 

Do you have the property under contract?

I would take a fully signed purchase agreement and personally go to the city office to see if you can get the ordered removed. Bring with bids and your renovation plan as well so they have good reason to believe the work will be done in a timely matter. 

If you are still working on the purchase agreement, make it contingent on the city removing the order of condemnation. 

How can you accomplish this with AI? 

The focus should be on finding motivated sellers... the condition of the home is almost irrelevant. 

People fall on hard times whether their house is in good or bad condition. Yes, a majority of the time a home in bad condition and people in a tough spot go hand in hand... but the ticket is the motivated seller, not the condition of the home. 

The chance of you getting a deal depends on the urgency or the seller's current situation. If you find a seller in dire times and needs to sell asap to retain anything and avoid foreclosure... I would say your chance at getting a deal is nearly 100%. 

In theory, you can purchase off market properties at a discounted rate. You can avoid part or all of the realtor fees and avoid other competition to drive up the price. Other than that, your process and due diligence should be the same either way!