Real estate investing is full of road blocks for sure and I just ran into one that sort of blindsided me. Yesterday afternoon I got an email from my probate list supplier informing me that he will no longer be able to give me the probate list I’ve been getting. Ah CRAP!! (actually what I said was &@%#^@&$!, and that is a direct quote.)
I asked if it was just my county that he was not going to be able to supply thinking that I would just purchase another county. Unfortunately he is just halting his lead business because he got tired of having his employees flake out on him and then having to retrain a new person over and over again. I can’t say I blame him.
Where does this leave me?
Well for starters it gives me $97 more to pump into sending out mailers. And because of my mastermind group and coaching I know exactly where I’m going to be spending that money. Here is the plan…
- Concentrate my efforts on Out-Of-State owners. I can build these lists myself using the tax records
- Exhaust the probate lists I still do have
- Work on ways to build Evictions
- Build my own probate lists
If this were to happen a couple months ago I would have been dead in the water. But now I have a plan in place and I think this is actually going to make me re-examine my business and make better use of my funds. With the additional money I can spend on sending out mailings, I’ll be able to send out twice as much.
Last but certainly not least, Lance and I have decided to work together. He recently lost his job, so he has time to do the things that I’ve had trouble doing because of my JOB. He has no money however, so I’ll be supplying much of our monthly marketing expenses. Lance also lives about an hour south of me which means we can cover a larger area of New Jersey.
We met tonight and laid out a plan and divided up the tasks as best we could. This may be the turning point for both of us, or it may fail miserably. I think this “partnership” is going to work great and I’m really excited about putting our plan into affect. I wouldn’t be surprised when we look back over this year, this day will be viewed as the key to both of our success.
Enjoy your weekend everyone!