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All Forum Posts by: Zachary Bradigan

Zachary Bradigan has started 12 posts and replied 26 times.

Post: Greenville, SC Area Tax Specialist

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

Anyone have recommendations on tax specialist in the upstate of SC? I'm looking for someone who can help me screw the government(legally of course) out of as much of my money as possible. All kidding aside, I feel like all of the tax preparers I have used just wanted my documentation and wanted to put it all together on their spreadsheet instead of explaining how I can save this year and in the future. 

In my 9 to 5 job I work heavily with OSHA and EPA rules, and I could do a great job of advising people/companies what those government agencies have written, what they actually mean by what is written, how they would verify if you violated the law, and what liberties you may be able to take in certain "gray" areas. Basically I need someone who could do this for me with regards to taxes instead of just asking something like "do you have have deductions", and not explain common things people deduct or ways you can structure a business to deduct more(like make me wife a part time employee so our meals at restaurants are business expenses). That last part was just an example, and I don't know if it would even work, but you get the idea. 

Any recommendations?

Post: Any Feedback or Experience with Exact Data?

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

I’m researching them too currently as I’m having difficulties with Reonomy and ListSource changing some of their data/pricing on me. Anyone have thoughts on ExactData?

Post: Multi Family Direct Mail Lead Lists

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

I know this topic has a lot of forum questions dedicated to it already, but my go-to resources direct mail list resources seem to be set-up differently then in the past.

I have used Reonomy and List Source previously for direct mail leads with good enough results that I'd use them again, however Reonomy has just recently been forcing an annual contract instead of monthly which is WAY too costly for what I need, and List Source has split up the commercial properties list differently then the last time I used them and almost all of them are listed in "Commercial: miscellaneous" with every other property types, and I have tried filtering differently with no positive results.

My goal is to get "true ownership information"(Names, Addresses, Phone Numbers of people who own LLCs & INCs), but for now this is a one time thing, so I don't need an annual contract, and I don't want to pay thousands for Co-Star for an entire year or something.

I do have TLO, however pulling multiple owner's information is very time consuming, so I'd like to do this only for a few select properties.

Long story short, I'd settle for any ownership information whether it's company data or not, but I'd like to do a one time deal and get 500-1000 leads. Anyone have thoughts on this? Thank you for your help!

Post: Multi Family Direct Mail List Broker

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

I know this topic has a lot of forum questions dedicated to it already, but my go-to resources direct mail list resources seem to be set-up differently then in the past.

I have used Reonomy and List Source previously for direct mail leads with good enough results that I'd use them again, however Reonomy has just recently been forcing an annual contract instead of monthly which is WAY too costly for what I need, and List Source has split up the commercial properties list differently then the last time I used them and almost all of them are listed in "Commercial: miscellaneous" with every other property types, and I have tried filtering differently with no positive results.

My goal is to get "true ownership information"(Names, Addresses, Phone Numbers of people who own LLCs & INCs), but for now this is a one time thing, so I don't need an annual contract, and I don't want to pay thousands for Co-Star for an entire year or something.

I do have TLO, however pulling multiple owner's information is very time consuming, so I'd like to do this only for a few select properties.

Long story short, I'd settle for any ownership information whether it's company data or not, but I'd like to do a one time deal and get 500-1000 leads. Anyone have thoughts on this? Thank you for your help!

Post: Single Family Direct Mail Strategy to a Large Subdivision

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

PS how do I get my replies to go back to people's names with the blue hyperlink? I've tried it several different ways and you can see I made a failed attempt in the last reply I gave to you two.

Post: Single Family Direct Mail Strategy to a Large Subdivision

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

@Ryan Dossey and @Ray Lai

I am not short on time per se as I planned on doing this in a few months, however I don't have a ton of time to devote to it right now, so likely I was going to do the entire neighborhood and outsource to ListSource or something similar. The costs that I have priced are not outrageous.

I should have explained the tiers better as the strategy was to set prices based upon beds and baths, and go up in price for each additional ba/br. Something like below:

2be,1ba: $35K

2be,2ba: $40K

3be,2ba: $50K

Don't get caught up on the numbers as they are just an example, but it would make it much less subjective as you point out. Does this sound any better, or not?

Post: Single Family Direct Mail Strategy to a Large Subdivision

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11

In a few months once I have completed my Multi-family direct mail campaign, I planned on doing one directed to a subdivision down the road from me. It is one of the largest in South Carolina(used to be the largest a few years ago) at just over 1000 houses. The town it resides in is has blown up over the past few years with close to double digit increases in property values YoY in that time. The subdivision itself has smaller homes for the area, and they are older for the area, most built in the 70's. Most of them have a similar look and footprint with a few different designs for the builders to choose from originally, so there is not a ton of variation.

Long story short, these homes are smaller and older then others in the area which makes them affordable, and would be a good place for lower income or first time home buyers to invest in the next few years since the area is really blossoming, but I do want to get them at a discount and likely rehab or upgrade them once purchased to build equity.

When I do a direct mail campaign to these houses would it behoove me to include a suggested price I'd buy the houses at with tier levels for how many beds and baths there are? Or should I just leave that up to the negotiation after they call? Obviously I'd include some language saying something to the affect of "sales price may vary based upon square footage and condition of property" to ensure there is some leeway.

I can see Pros to including it because everyone who called would know that I wanted a discount and wouldn't waste my time calling since they'd be ready for it, however I do know I'd likely receive fewer upfront calls and would not be able to negotiate people down on price.

Any thoughts on this strategy or has anyone tried this?

Post: Property Radar - Will it Ever Expand to More States?

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11
Originally posted by @Sean OToole:

Hi @Zachary Bradigan - We are already working hard on it, and that is one of two big goals for 2018. That said, it will likely be a while after that before we hit the same level of quality that we have in our existing states. One of the things that differentiates us is all the special processing we add to clean things up at the local level. We'll have very little of that when we first launch into each new area, but I still think it will be a great value overall, even initially. Hope that helps.

That absolutely helps! You and your team are awesome. Keep up the good work!

Post: Seller Financing for down payment?

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11
Originally posted by @Zachary Bradigan:
Originally posted by @Andy Thoman:
Originally posted by @Zachary Bradigan:

Andy, I'm certainly not an expert, but from what I have been told Brie is correct, you'd be hard pressed to find a lender willing to do this, and you do have to disclose this type of seller financing to the bank even if you have the cash in your account already and are just going to put the seller financed money back in your account to replace the down payment.

Having said that you might be better off getting a second lender like a private investor to cover the 20% however you couldn't use the property as collateral for a second lien unless the first lender is ok with it, or pull equity from another source if possible.

Do you have any other properties to pull equity from, or is this a fix and flip that you could build equity into?

 I don't have a property that I'm looking to do this on. It is mostly a hypothetical question that I was wondering to help me understand leveraging better.

In the scenario, I'm not asking the seller to give me a mortgage, I'm asking them to act as a private investor to cover the 20%. For two reasons. First, it stops me from needing to put my cash into the purchase. Second, it could motivate the seller to sell at a lower price, because they'd make more money in the long run from the interest payments.

 Its a problem of risk, banks think over-leveraging is too risky. At the end of the day if they thought leverage over 80% wasn't too risky, they would lend on homes that way themselves to make even more.

 And, I might add, they did this at one point in time. The pre-mortgage crisis lending was much higher leverage even for investment properties, and once the bottom fell out of the home prices the banks could not foreclose and sell the property to get back the debt that was owed, so they lost big time.

Post: Seller Financing for down payment?

Zachary BradiganPosted
  • Investor
  • Simpsonville, SC
  • Posts 28
  • Votes 11
Originally posted by @Andy Thoman:
Originally posted by @Zachary Bradigan:

Andy, I'm certainly not an expert, but from what I have been told Brie is correct, you'd be hard pressed to find a lender willing to do this, and you do have to disclose this type of seller financing to the bank even if you have the cash in your account already and are just going to put the seller financed money back in your account to replace the down payment.

Having said that you might be better off getting a second lender like a private investor to cover the 20% however you couldn't use the property as collateral for a second lien unless the first lender is ok with it, or pull equity from another source if possible.

Do you have any other properties to pull equity from, or is this a fix and flip that you could build equity into?

 I don't have a property that I'm looking to do this on. It is mostly a hypothetical question that I was wondering to help me understand leveraging better.

In the scenario, I'm not asking the seller to give me a mortgage, I'm asking them to act as a private investor to cover the 20%. For two reasons. First, it stops me from needing to put my cash into the purchase. Second, it could motivate the seller to sell at a lower price, because they'd make more money in the long run from the interest payments.

 Its a problem of risk, banks think over-leveraging is too risky. At the end of the day if they thought leverage over 80% wasn't too risky, they would lend on homes that way themselves to make even more.