All Forum Posts by: Curtis Daniels

Thanks Rick. That was thorough.

I'm sending probate postcards and letters out. I know who the heirs, decedents, and the attorneys are. I just don't have a good concept of who the petitioners are. I want to target the Personal Representatives though.

Also, would it hurt to send letters to Attorneys?

I'll take note of that Jon

Right on Jon. There's not a lot of info on this topic on Bigger Pockets it seems.

I drove through a roundabout that seems like it get's a lot of traffic and there are a lot of bandit signs from different businesses and even a bench with an ad saying "we buy houses." There's also a park bench advertising for you to put your add there.

Does anyone have any experience with bench advertising for leads?

Wow. Thanks Jon. And thanks Laura (wink wink). That really helped me out.

I looked at a house that I saw was selling for $25,000 as mentioned by Zillow. My girlfriend wanted to know more about the house, so we drove by and took a look. The home had no agent's sign in the front yard. By our serendipitous luck, we found out that the back door was open. The home definitely looked like it needed improvements.

A few days later (today), I called the agent listed on Zillow, and she told me that there's a bunch of people asking about it and that the house is under contract. She told me that it was a short sale home. When I asked her what steps I should take, she told me to talk to a lender, get pre-approved, and then start looking at the house.

If you all could help me out, there's a non exclusive list of things I would want to know about shortales and this situtation.

1.) What really is a shortsale and why is the house under contract?

2.) What do you think about us getting pre-approved in this situation?

3.) I also wanted to ask her if I personally could buy the house with ALL CASH as is. Do you think I should call the agent back up about this? Do you think she would be more receptive to me?

Thanks
CJ Daniels

I dig your grind Patrick. I'm really trying to understand the psychology of investors. My main focus is to find the big dawg cash buyers primarily.

Every time I listen to or screen a cash flow niche investor I meet from a REIA, they generally speak of buying properties at tremendously cheap prices like 11,000, or 17,000 where the counties are closer to the downtown areas (typically the projects). To me, a higher quality tenant is going to benefit you more living in a neighborhood where the property values are higher. Is this because these are the only properties that these cash buyers can afford? Do people who wholesale to these cheap buyers make much of a profit for themselves?

I was driving past a house today in area where foreclosures are abundant. The house was nice but I could tell by what I saw in the inside of it that the owner may be calling it quits soon. I may be wrong about this assumption, which is why i don't know if I want to call the owner or send them a preforeslosure letter stating that I would like to take it off of their hands if they are willing to get rid of it.

Would sending a letter or calling them up about that be insulting to them if they weren't going through foreclosure?