Kyle-OH

Fake it, Till You Make It. How long you have been doing this is irrelevant as long as you do everything ethical to both the seller and buyer... Thats just my 2 cents

I googled that name to see what you were talking about and that website is plastered all over my local CL as well.....Maybe he is just building a huge list of TB's and then possibly selling them to investors????

I have to keep the post card short and sweet because I am going with the 4.35X6. I am going to be doing CA's and was wondering how this post card sounds..These are going to be sent to Expired MLS Listings... Does this sound good or should I mention something about l/o's or something like "I see your listing has expired, I may be able to help"....... Thanks March 9, 2009 Dear {FIRST_NAME}, I am interested in buying your property located at {ADDRESS} in {CITY}. Should you have any interest in selling quickly and easily at a fair price, please call me at (330)555-7737. If you're not interested in selling this property now, please keep this card for future reference. I have purchased numerous homes throughout Trumbull and Mahoning County and I may have the perfect solution for selling your property. If you have renewed your listing with an agent, please disregard this. Sincerely, Kyle Andraetta (330) 555-7737 sellyourhome@gmail.com

I am starting my mailing campaign using yellow post cards... and I am wondering if there is any easier way to personalize the message on the card instead of doing it one by one on click2mail.... I mean instead of sending 100 bulk postcards that say "Dear Homeowner" I can have each of those 100 post cards say "Dear John Doe".... Also I want to say each property's address in my message instead of just saying " I would like to purchase your property" it would say " I would like to purchase 123 Main St" I am going to be sending out ALOT of these cards and it would take forever for me to personalize each one... I am not sure if click2mail can automate that process or not......What do you guys do? Thanks!

But what your saying is by "buying their house" with in 24hrs you mean "buying" it as a lease option and then from there you will do a CA or Sublet.....Right? btw like your ad

What does your ad consist of?

I have searched the boards and have not found anything.....I am in the process of making a letter to send out to the homeowners with expired listings... Besides the "yellow paper" technique. Can I see what letters you guys are using for CA's... Thanks Much

What is stopping you from doing CA's in Texas?

Hey Lynn, Did you ever try just calling the ones you can and if you can't find the phone # then send the letter?

I am not sure of what your exit strategy is but I would not just base my trust off a Realtor. If you can not get comps within 6 months and .5 mile radius then expand your search to 12 months and a full mile...and keep going from there until you get a couple decent comps..Try not to cross major highways and such.....from there I always drive those areas I got the comps from to get a better idea and understanding.....Getting a realtor's opinion is fine but if your just going off of their word, you are putting ALOT of trust in them... ( I am speaking in terms of wholesaling...L/O's are still critical but not as much as wholesaling reo's having a 1000 EMD on the line)

Haha, Yeh your right.. The reason I asked this is because I don't think Realtors can approach homeowners if the house is already listed with another realtor... But I am not a realtor and this is a different situation then that............There are 100's of expired listings.... I am like a kid in a candy store looking through all of them..

I had a Realtor set me up in the MLS to automatically send me listings as they are expiring right to my email address. My questions: 1. Is it against the law to contact these homeowners either via phone or direct mail? I know you guys can't give legal advice...But I am just wondering from those who have experience with this type of marketing...What I want to do is get there phone number by looking up the home address on my county's auditor site. From there I will get the homeowner's name, and then I will look there name up on whitepages.com ... For those that have an unlisted number I plan on sending a letter explaining how I could help them. I don't care about stepping on Realtors toes but I am just wondering if its OK to contact these homeonwers directly....I'm just not sure what I am going to say if they ask How I got there Phone Number? Thanks, Kyle

Whats up with the site inspection? Did you have to do that and are there any sites out there that you can run t/b's credit without going through the site inspection??? Hi Kyle - Yep, had to go through the "site inspection." That has to do with receiving credit information on your tenants. I understand it's the process that anyone would have to go through in order to obtain credit info (legally, anyway ). It's a PITA, but the credit reports are about the cheapest that I have found. If you get your info at www.findtheseller.com, you might notice that they run background checks, employment verification, etc., but do not require the "site inspection." That's because they don't offer credit information on your t/bs. What did the site inspection consist of?... Can I tell them that I am considering on lease my own personal home and want to be able to run credit checks???

Whats up with the site inspection? Did you have to do that and are there any sites out there that you can run t/b's credit without going through the site inspection???

Actually, You will gain that when you put all your knowledge to good use and the $$ starts rolling in.

When/If you guys check credit on your potential T/B's, do you charge an application fee to offset cost with running credit reports?

I see what your saying but it would be worth while to me to do one or two CA's a month netting 3k each.... Instead of me having to worry about having to pay someone else's mortgage.... I just have to be consistent..

Yeh, I def don't want to be greedy. I want it to be a win-win for everyone....Hell, if I made $3k a month doing this I would be happy!!! It comes down to the quality of life as well. I would be doing something that I love and not caught up in the rat race!!! I am on a mission to have my first CA signed with a seller in a week in a half....

Yeh, Michael. You are absolutely right. I have to get out there and get it done. I can not limit my success or thoughts to what everyone else is doing. If I do that then mediocre results will follow. Doug, that is one of my concerns. I am located in Northeast Ohio. Near Youngstown and Warren Area.....I was talking to a homeowner last night about a lease option deal. She was not motivated enough. She wanted to make all of the option fee and leave me nothing. But anyway I told her that I would get 4k-5k a deal, and she told me that I would be a great salesman to get that kind of option fee in this area.......I know that there is alot of DOOM AND GLOOM out there but I believe this will work and I also believe that there are people with some kind of option fee to be able to make my efforts worth it.... Even If I take 3k and the rest in a promissory note....

I am not going to ask how much a month you guys are making, but I would like to know on AVG how many CA's a month the fulltimers are doing here...Thanks Yall

OK, So if there is a 100k loan on the house and the monthly mortgage is $500. And we offer a 50% rent credit toward the purchase price. Does that mean we have to charge $750 for rent to include the rent credit? And does the rent credit go into an escrow account or is it just paid along with the mortgage?

What is always going to be the reduction of the purchase price? What does a downpayment/option fee have to do with rent credits?

How does the mortgage company decide on what to do with it? What if I offer 100% rent credit on a home with a mortgage how does that happen?....Something is not clicking for me here....

Hey guys, Can someone elaborate/explain how a rent credit works. For Example; If a seller and I negotiate a sales price of $100,000 with a $500 a month rent for 2 years and we agree to offer my T/B a 50% rent credit. How would that be structured? I assume $250 of the $500 would come off the principle of the mortgage. But you were to pay the bank $500 thats not how it would work with the bank so I am curious how a typical rent credit is structured.. Thanks, Kyle