All Forum Posts by: Jeremy Ferguson

I am looking to change up the way I go about making offers to sellers by breaking down the repair fees and holding costs in a nice spreadsheet that will convert to a branded PDF. This PDF will educate the seller and give them something to mull over if needed. Currently I am throwing out verbal offers, shocking the seller and there is nothing for them to sit down and look over or think about. A lot of the costs are things that I know they aren't thinking about and need to be mentioned.

My question is, when I break down all of the costs and total that up, my offer is going to be 20%-30% less than that. I feel there is a fine line here, the seller knows I am doing this and making money but do I really want to spell out the exact amount of money I hope to make? How are others educating the seller and breaking down the costs but also leaving out exactly how much money you're hoping to walk away with?

1. Start connecting with investors in your local area.

2. Read and listen to relevant content here on BP, there is so much knowledge, take as much of it in as you can.

3. Decide who you're going after. Absentee owners, probates, driving for dollars, or a little of each. Your marketing strategy will differ a little between them.

4. Start sending out mailers to your lists once you're feeling ready and don't let up, just keep sending. Be sure to implement a system to stay organized so you know who you're mailing and when. You will want to hit each person multiple times.

5. Remember you're looking for motivated sellers. Not someone who is kicking the tires or could easily sell for retail. Don't waste your time with these people. Find those that are motivated!

@Justin Hackney I just sent you a private message.

@Justin Hackney  The 70% rule is tough in this area and I have found that most investors are definitely moving towards 80% or higher if it still makes sense. At the the end of the day if there is still money to be made, why not.

Are you wholesaling?

I am looking to hire a VA to go through and clean our list. I am curious to hear the instructions others are giving the VA.

Do you have them removing items from your mailing lists and trust that you're not losing good records or just have them highlighting properties that have sold in the last few months?

Update: This has been handed off to another investor. 

In my marketing efforts I have come across a motivated seller who is several states away and motivated to sell a home here in Raleigh, NC. I went to look at it and made an offer but it was too low for what he was looking for. My initial plans were to wholesale it so my figure was pretty low. My goal is to put you in contact with the guy if you think it would be a good fit and you can just run with it. I am not wholesaling this.

I can't stop thinking about it and I think there is potential for someone else here to pick this one up and make some money especially if you have access to cash.

I can share specific details privately but here is some general information to start.

Property Location - North Raleigh, great neighborhood

Square Footage - 2100

Work Needed: Just needs updating, no major problems - estimating $35,000

Some of the items needed: Wall paper removal, new paint, add hardwoods, new kitchen cabinets, appliances, countertops, landscaping, etc...

ARV $255,000+

@Zack Broaddus

 One of the most important things when it comes to localized SEO is keeping your listings and business information across all of the different platforms accurate and consistent. Further, I feel you should be anchoring all of this with a website to built trust. These listings will help expand your footprint and will help solidify your presence in the eyes of Google.

This is where Yext comes in and allows you to manage the various platforms and the information on each from one place. Small things like  "Suite 320" and "# 320" may mean the same thing to you and I but not to search engines, these are the types of things that Yext will point out and allow you the opportunity to fix.

I believe the Yext platform is overkill for what you're doing and you could easily pick the top 5 sites to place your business on and fill things out manually. It would take no time a all. I would certainly build a website if you're trying to drive people from other online directories to contact you as well.

@Latoynia Ransom-Harvey

Thank's for your reply, I will PM you shortly!

I am looking for deals in the Raleigh-Durham area. I would also be open to partnering if there is anyone in the area that want's t work on a deal together.