All Forum Posts by: Jimmy C.

I may buy it if the price is right. Sounds like its close to me.

But I must ask, why wont your current buyer pay you cash for the deed now? Is it because they need financing? Or they just dont understand the quiet title process?

Yeah you could get a non exclusive option contract. It plainly states that the seller can notify you if they take someone elses offer. I have seen this before when other wholesalers want to work together.

But if its a GREAT price that you can negotiate, you should really just have a state approved P&S signed and put up some escrow money. That is, if its a great deal you can definitely sell.

Thanks for the tips here guys. Ive been considering direct marketing to get off market commercial deals. What Sandy said above clicked. It makes no sense to tie up a deal off loopnet, and makes perfect sense to go direct to owners of multifamily property.

I'm interested in hearing how it really plays out. I think Bill was just fooling around. That's probably just his sense of humor bro, no worries.

I have questionnaire that I use for every lead that comes in. Get all of your questions answered, pull comps, run numbers before going out to look and estimate repairs.

The greatest opportunity lies in providing affordable housing to low income families. Sure you run the risk of having more bad tenants and evictions. Take the bad with the good though.

Thanks Ann, you made some very valid points. I hadn't considered the fact these people are probably overwhelmed with direct mail already. I live in the REI capital of the world, so I am sure that is probably the case. So I guess I am going to go with a more indirect approach (you guys talked me into it)

Darn it! I cant play Devils Advocate anymore now

Right on. Thanks for the suggestions. I'll have an attorney review my letter. But I'm not guaranteeing any rate of return, or putting many details. Just something to pique their interests and make them call.

Awesome Ken! Do you think I can get minimum security time? Lord knows I need to work on my back swing.

Nah, I haven't even drafted a letter yet. And when I do it will be sent to folks that obviously write private mortgages. For the first point of contact, it will just be an introduction and asking them to call me to chat or schedule a meeting. Then I can meet the people in person, and build relationships.

The alternative to this would be to literally stalk people in person, which probably wouldn't be good. Imagine a 270 pound dude (that looks nervous) approaching you out of the blue (that already knows your name!)

Or I could always do nothing. But I don't think I would like the results.

Thank you gentlemen. I think it makes sense that I drill down in the list and find those that made multiple loans per month. Once I have the players separated from the common folk, I will probably be dealing with seasoned people and companies anyway.

Glad I read this thread before attempting the shotgun blast approach. Now I will make my letters much more tactfully, and should be okay.