Jump to content
The forums have been archived and are now read only. Years of great info saved for your reading pleasure. Thank you! Visit us on Facebook: https://www.facebook.com/NakedInvestor/ ×
The Naked Investor Forums

keiththedealmaker

Members
  • Content Count

    10
  • Joined

  • Last visited

Community Reputation

0 Neutral

About keiththedealmaker

  • Rank
    Newbie
  1. I use the 2 terms interchangeably as well, but the fact of the matter is is that your seller is correct! They're not the same. He gave a good explanation. He seems pretty knowledgeable, do you know if he's an investor? Agent?
  2. Michael, when you say I might be acting as a property manager, what I'm doing is simply sending out statements. I won't be managing the property just a simple service that a seller has enlisted where I'm just sending someone a monthly statement. If the buyer pays or not, or has an issue with maintenance they won't be calling me. And if they do I'll simply say to call the PM or the owner. What's your thoughts?
  3. I probably work a 15 mile radius from where I live. I'm thinking if I expand my market area to about 30 miles or even 45 miles out I could reach my goal.
  4. My take may be a little different. I've had great success with investors. I contacted an investor through the newspaper about a year and a half ago. We did that one deal and he's supplied me with 3 other properties since that first one. He did negotiate a bit on him keeping a deposit, so I just give him a flat fee of $1,000 and the rest I keep. All the properties that I sold the tenants only had $3,000, so I netted $2K not bad for repeat business!
  5. I hear you loud and clear. It's nice to get a huge month then I think to myself it's going to be great next month but what happens is that the following month I'll do no deals so I get "bummed out". I've tried many times to get consistent deals every month but it hasn't happened for so many years of trying. That's why I thought some of you could chime in and tell of what you're doing. In reality I would be happier with 2 deals every month than do an awesome month where I close 4 then the next month nothing. I've been thinking and what would probably help me do deals every single month is to diversify what I'm doing. Possibly adding in the ugly wholesale side along with what I'm doing with the pretty houses.
  6. Thanks Michael! You're probably right. I was thinking this as a side thing anyhow because with my own properties that I have RTO'ed out, I send all of my tenant/buyers a statement. My thoughts were, I might as well provide this service to others, cover what little costs I put out mailing to my buyers, and make a few bucks for doing what I'm already doing. Definitely thanks for your input, that's why I posted here!
  7. I've been talking with one of my mentors about a possible new SIDE business venture that compliments the in and out type of lease/option deals. Anyway, whenever I do a lease/option, whether that be a CA type of deal or one that I'm involved with for the long-term, I always send the tenant/buyers a monthly statement. I've found that it's helped to minimize late payers as they're getting a statement every month. I recently just started offering this to my sellers that I'm doing a "CA" with. And just this week I've been implementing a new technique that one of my advisors has been using, which is to charge the seller a monthly fee. I just signed up my first one for $10 a month to simply send THEIR tenant/buyers a statement every month. I figure it helps the tenant/buyer, the seller, and I cover my costs, plus a TINY extra in profit. I know when I lived in an apartment complex about 5 years ago, I always received a monthly statement. It helped to get me in line to pay on time! My question is, what do you think about this little side venture? Is there any type of licensing I would need? Thoughts?
  8. I've been doing a version of CA and some months I'll do as much as 4 of those types of deals then the next month I'll done zero then the following month I'll do maybe 3. I've been trying to get my business to where I can consistently do 2 deals a month. Although when you spread out the good months, I might make the same but getting deals done consistently every month is what I'm really wanting. If you were to come up with a plan to do a minimum of 2 deals a month, what marketing and how much would you do? What would your marketing schedule look like? Anyone care to share?
  9. Ok, great! Do you think it's unethical in anyway to tell them to cancel? Would it be better to just mail to expired listings? Or MLS would be better? Opinions?
  10. Hey guys! Keith here. I've been pretty successful with different techniques. We've had much success with signs, yellow letters, and cold calling to generate us business. I also do cooperative assignments, but I was taught this method under a different name, from what I've read, they are very very similar. So anyway, recently I've been thinking about how I can get MORE business! And I thought about sending yellow handwritten letters to MLS listed properties. With this method, I was thinking I could actually target properties that are in my "bread and butter'' in the areas I want, and the specifications that I want and send a letter. Is my thinking correct here? Since I'm not a licensed agent, and I don't want to work side by side with a realtor, if I were to get seller interested in my services, how would I go about it? Would I let the seller know that I'd have to wait until the listing expires, or can I actually tell them, "if you decide to proceed, you would have to cancel your listing as we can't work with listed properties, but you would have to make the decision to cancel your listing on your own!" Any opinions? Thoughts? Keith
×
×
  • Create New...