All Forum Posts by: Tzvi Balsam

@Ryan Dossey

Thanks I reached out to him hope to be up and running asap.

This will be the first time doing a mailing, I am focusing on a city in NJ Can someone advise me what should be the first list I should send out to? 

Also are these companies that send the letters reliable? I found one company yellowletterservice.com 

Please help me what am i missing ? 

Mission Statement

Buy distressed properties with a primary focus in Bayonne NJ Add Value to them through a rehab and resell them at market value for a profit

Goal for next six months

Start at least 2 new Flips a month.

Marketing Plan

• 1.Send out 5000 Mailers a months.
• 2.Make 2 offers a day on Property’s or 32 a month (4 times a week )
• 3.Driving for dollars 2 Hours a week

Criteria for investments

• 1.1-4 Family homes
• 2.Maximum purchase price 250K
• 3.Maximum repair price 65K
• 4.At least 25 Percent Profit on ARV

Steps

• 1.Generate leads
• 2.Make an offer based on Estimated work needed and ARV
• 3.Sign A Contract Subject to Inspection
• 4.Do A home Inspection / Get an Appraisal for ARV / And get cost of rehab from GC
• 5.Close on property / Finish Rehab / Sell property

My Team

• Attorney I have
• Licensed GC I need to find (For bigger jobs or pulling permits)
• Sub-Contractors I have (For simple tasks)
• Home Inspector I have
• Appraiser I need to find
• Real-estate Broker I have

Are there any good software for real estate flippers, that include but are not limited to, tracking Mailers & CRM..... ? 

I feel ready to jump in to flipping, I would like to know of a step by step guide to mailings? 

@James LaPosta

Hudson County is really hot now, take a look at bayonne NJ there is a lot of opportunity there.

@HJ Bercy 

I find it hard to cash flow on single homes in NJ, because of the crazy Taxes but good luck.

@Kim Kinson

Welcome to BP you can add me to, and reach out to me if you would like.

@Atwan Kwan

who pays the water bill?

@Jayson Hinkson

get it rented and move on. you will get nothing from going after them, the most you can do is keep the deposit if its legal.