One thing you should always keep track of when sending out direct mail is your response rate. Over the past year, I knew I got phone calls from my mailings but I never really knew how well or poorly my letters were getting people to call. I also had no clue as to what percentage of people where calling off the first letter, second letter or third. So I wrote up a quick script to pull the data from my …
Everything is moving along with the second try at deal #4. We are just waiting on the title work to come back. Actually it turns out we are still waiting on the original title work to come back from before we cancelled the first contract on this house..haha The title company said they had been waiting on information about a tax lien and that it would take a total of 4 to 6 weeks to get that information back. …
A few days ago we got a call from the realtor of the Hamilton House and they were interested in negotiating a new purchase price. So for all those people who told me that would happen, you were correct! Even though the sellers were not willing to go as low as we originally wanted to go we were still able to get a price where my partner and I could make some money. The important part in this entire deal …
The other day I got asked a question from one of my readers, Bill Shultz. He was wondering how I managed to build my buyers list despite being so busy. The simple answer is I don’t have the time and generally spend ZERO effort building my buyers list. Shocking I’m sure to some and I’ll tell you why I don’t worry about building my buyers list. Yes, a buyers list is great to have and can be used to take …
The other day I got asked a question from one of my readers, Bill Shultz. He was wondering how I managed to build my buyers list despite being so busy. The simple answer is I don’t have the time and generally spend ZERO effort building my buyers list. Shocking I’m sure to some and I’ll tell you why I don’t worry about building my buyers list. Yes, a buyers list is great to have and can be used to take …
The other day I got asked a question from one of my readers, Bill Shultz. He was wondering how I managed to build my buyers list despite being so busy. The simple answer is I don’t have the time and generally spend ZERO effort building my buyers list. Shocking I’m sure to some and I’ll tell you why I don’t worry about building my buyers list. Yes, a buyers list is great to have and can be used to take …
As of yesterday we officially cancelled the contract for the Hamilton house. They didn’t seem very interested in renegotiating at all. A shame because we had a buyer all lined up if they were more flexible on price. I can totally understand why they wouldn’t be, but it still sucks. We will just move on to the next prospect. Even though nothing came of this one we did learn a few things when it comes to estimating repair costs …
My partner and I have been marketing the hell out of the Hamilton property over the past week. We’ve talked to our top tier buyers, put ads up on craigslist, went to REIAs and spoke up during the buy, sell and trade portion, spoke to people in our mastermind group and even put out bandit signs in the area. We got over 30 responses from buyers who were interested in finding out more information about the property. After weeding out the …
If you are interested in a rental property or fix and flip in Hamilton, NJ take a look at this awesome deal! Hamilton House Asking: $65k Arv: $130k Repairs: 20k to 25k Click on below link to view full postlet’s add Hamilton House Ad If you are intersted please contact me or my partner through the information on the ad. Great Deal and don’t miss out!
After about 2 weeks, we finally got the signed contract back from the realtor for the house that we had our offer accepted on. I’m not sure why it took so long, but when you get a Realtor (or anyone else) in between you and the seller, delays will happen. Many times that “middle man” can kill your deal by how they present it to the seller. Ours worked out, but it could have blown this deal up easily! Now …
I want to first apologize for not posting much over the past month. Everything is moving along fairly well in my life, it’s just been Crazy Busy! The reason for the lack of posts is that I usually do most of my posting while I’m at my 9to5 job but my company, which is doing terribly, let go of 13 more employees. One of them was my direct co-worker who handled the administration of some major financial systems. So guess …
I’m in the process of reworking the statuses for lead manager and figured I’d get your input. After using SI Lead Manager – Beta 5 for about 5 months now I’ve been thinking that there is a better way to handle how I status the leads once I get them into the system. Sometimes the lead is only in a status for a split second before I move it to another. For instance, if I get a call from a …
Offer Accepted! On Monday night, my partner informed me we got another offer accepted!!! It was with a listed house this time though, so this will be new territory having to deal with a listing agent now. Yesterday my partner met with the listing agent and got all the paper work signed and now we are headed towards attorney review. This lead was referred to us by another member of our coaching program so we will have to pay …
I have always wanted a pool. Growing up a was constantly trying to convince my parents that a pool would be a great idea. Even to this day I’ll playfully drop the subject on them despite not living there anymore. I was always quickly denied and given the reason of “too much work.” I don’t doubt that for a second, but for some crazy reason I’m blind to that fact and still want a pool! However, when it comes to an investment …
I can’t believe Ben is 6 weeks old already! We are adjusting fairly well to him and how he works. From him eating every 4 hours, to not wondering what ever little grunt or noise he makes means. In the end I knew he would be taking up pretty much all of my non 9to5 time, but I’m having a very hard time finding time to do any real estate investing tasks. What has saved my ass, and kept the …