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Author Topic: He Luvs Direct Mail  (Read 27211 times)

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #90 on: December 19, 2018, 12:25:45 pm »
I'm trying to justify buying this new drone. Can I make myself believe its for real estate or do I come to terms with, you just spent a thou on some frikin toy, are you insane?

I only did a half doz real estate wholesale deals this year, cuz of very little marketing. But my other home based business is bringing in some serious profits. My back yard garden. I haven't decided which is more fun, flipping fixers or growing California's finest. So, I'll do both.

We all deserve to prosper and be healthy and happy. Let's make 2019 even better.

Rando

Offline javipa

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Re: He Luvs Direct Mail
« Reply #91 on: December 22, 2018, 02:11:37 pm »
Randoskie, you made me laugh.  My friend bought a professional-grade drone that takes high-resolution video, and he justified the purchase saying that it'll help him in his business.

I asked him how.  He said, "I can fly over the cars I'm selling and post videos of the cars."

Sure.

Of course, he couldn't just say, "I want to play with a drone." 

I like to play with antique cars.  I'm just gonna admit here that owning them does nothing for my business whatsoever, and having them is a complete and utter indulgence in my excess.  Why?  Because I can!
LOL :beer

"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #92 on: January 23, 2019, 03:35:37 pm »
It's been a mild winter here in Central Cal, cept for a few hellacious rain storms and now the sun is out and getting 60 degrees. I feel like climbing out from under my rock and work on some real estate deals. But hell, marketing is expensive and my last direct mail campaign bit the big one.
Some awesome deals have come from newbies that needed help with negotiating and contracts and escrow yada yada. I've done a bunch of these wholesale flips, I luv it, its fun and I'll share wat I know.

If there are any hungry ambitious newbies out there that wants to make a sh-t ton of money and are willing to get out there to find them, message me, 50% split on profits and everybody is happy.

Rando

Offline Dmccright

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Re: He Luvs Direct Mail
« Reply #93 on: January 24, 2019, 09:30:37 pm »
Just came back to check on you guys and I have to admit my results have been the same. My last mailing cost me 3k and bit the dust. Also my local REIA groups got scammed by their leaders so my bird dogs have been limited to zero. Local codes have been ripping up signs since this Guru has come to town and told everyone to paint the streets. Needless to say I had a fast start and now ouch... I have to say I really wish these guru's promising million dollar life styles would stop. It saturated the market that's weak to begin with.

Offline javipa

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Re: He Luvs Direct Mail
« Reply #94 on: January 24, 2019, 10:14:36 pm »
Are you flipping deals, or holding onto them?

You're probably competing with 'dabblers' and shiny-object chasers.  However, if you're doing the same thing they are, you can't set yourself apart from them, no matter the inventory. 

Maybe it's time to chase different inventory?  For example, you might find there's little competition for low/no equity houses in your farm.  There're probably sellers with no equity, that feel trapped, and if they knew how to get out without losing their shirt and reputation (foreclosure, short sale, etc), they'd take whatever offer you made...

Of course, you offer to take over their loans and relieve them of their debt, IF they agree to hand over their deeds.  Then, you flip the house with instant seller financing included, and put your buyer's down payment in your pocket. 

Everybody wins.  The seller gets his house sold.  A buyer gets your EZ financing.  You create equity out of thin air and put a down payment in the bank.  And since, you can't legally finance anyone for less than five years, you up the retail price to reflect that, and then you can expect a back-end equity profit, too, just for offering EZ financing.

This used to be the FHA non-qualifying assumption/flipping scheme back in the '70's.  Take over FHA and then finance a new buyer with no qualifying.  It still works like a charm (despite Frank/Dodd interference). 

Of course, there's more to it, but it's a great model for investing in houses that conventional investors consider radioactive.

Meantime, keep your message out there, and develop referral leads as much as possible. 

Hope that helps. 
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #95 on: January 25, 2019, 12:16:39 pm »
Javipa, I luv the Sub To deals and I've done a few of them, tell us hungry investors how you find them.
I've come across some with direct mail targeting the absentees. 
Tell us about a few that went south.

Offline javipa

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Re: He Luvs Direct Mail
« Reply #96 on: January 25, 2019, 04:18:42 pm »

Javipa, I luv the Sub To deals and I've done a few of them, tell us hungry investors how you find them.
I've come across some with direct mail targeting the absentees. 
Tell us about a few that went south.



You want to know about how I've failed at my business?  LOLOLOL

It's interesting, because when I share the spectacular successes, people don't believe they're real deals ...You know, like making $85k in three weeks on a half-million dollar McMansion that needed absolutely nothing, but had an enormously high interest rate.  Or the Mexican family that sold me their house for twenty bucks, if I agreed to pay the closing costs.  Or the million dollar business I bought with the seller's equity.

BUT ...you want to know about my loser deals...?  Will you believe them any more than my 'home run' deals?

Here goes...

I mailed postcards to my farm, and included a link to a video presentation that was supposed to warm prospects up before I showed up.  Instead, it robbed me of the element of surprise and awe when I was physically attempting to present my scripted offer.  The sellers kept interrupting me, because they knew where I was going, and were too impatient to listen (again) to my whole schpeel, and so they kept asking, "What's your offer?"

Not realizing the mistake it was to pre-present my offer via video, I continued with my presentation, until finally the wife, just blurted, "If you can't make us an offer, get out of our house!"

I considered this was not a salvageable situation, and since I love a fight, I decided to have some fun, and slam them with an unqualified offer saying, "My offer is, I'll give you a buck for your equity, and you'll fork over your deed, move out by noon tomorrow, and I take over your loan.  Deal?"

Silence.  The seller's had no idea 'that' was coming. 

And of course, since I couldn't establish a consensus on the fundamental details, such as the actual equity in the house, and they thought they had my number, so to speak, they thought my offer was stupendously ridiculous.  At first blush, it would seem ridiculous, but they didn't want to be led down the path of bread crumbs that would have made my offer seem plausible and doable. 

If fact, the couple was upside down for my purposes, but the house was 'retail ready' and I could have flipped it for at least a thirty-five-thousand-dollar front-end profit ...if I had not poisoned my presentation with an uncontrolled video preview.  I no longer link suspects to my 'warm up' video.

---------------------------
Then there was the retired couple that was allegedly desperate to sell, and told me so over the phone.  Of course, I don't pay any attention to what sellers say to me when they call me.  I'm just focused on nailing down an appointment to present my offer.

Got to the door, and a conservative-looking couple answered the door.  They resembled something out of a Normal Rockwell painting.  He was rugged and his wife looked like Santa's rather plump wife.  Meantime, somehow, I just forgot my head, and walked in without qualifying them as 'actually motivated' sellers, and assumed they were the decision-makers. 

I presented my credentials and shared some of the deals I had done, and they were impressed (it seemed), and even showed them some testimonials from the last two deals I closed on. 

I gathered a consensus on the details, without objections, including their equity; the payments; the insurance coverage; etc. time-frame for moving; and the structure of a sub2 transaction, and invited them to approve my offer.     

That's when Mrs. Clause said, "We'll consider your offer." 

Realizing I was losing control of the negotiations, and failed to pull the rug out from under the 'higher-authority' gambit, I responded, "I'm sorry, but I've got too many houses to consider, to give you time to 'get back with me.  My offer expires as soon as I go out the door."

Man, this couple turned from 'nice couple, from a Norman Rockwell painting,' to Nesfaratu and Irma Grese. 

They insisted they had no intention of accepting my offer until their attorney checked out the details.  Translated, "Do we look stupid?"
-------------------------------

I can can count on zero fingers how many deals I've closed where an attorney was involved.  And this couple was no exception. 

I knew better than to present to someone I hadn't pre-qualified to hear my presentation.  And then, to add injury to insult, I failed to pull the rug out from under their attempt to 'consult a higher-authority' at the door.

I don't make time to put on free 'sub2' seminars, but I ended up doing one anyway, by accident.
---------------------------
So, there's two failed deals.

Here's a disaster: 

Many years ago, I moved into a brand new farm area; failed to know my values; closed on a half-million dollar house; put up bandit signs, and got exactly two responses ...from investors. 

Never mind my new next door neighbor listed his larger house for $100,000 less than I paid for my house...   Can you say 'panic?'  After spending a few grand trying to salvage a 'reeeeelly baaaad' deal, I called the seller and said, come pick up your house.  The keys are in the mailbox.  I left it all shiny, clean, and rent-ready.  The sellers were NOT surprised.  They knew they had a sucker on the line, and they gambled I would take their headache away.  I never recorded the deed, so the taxes and what not, were not affected.  The insurance was never modified.  It was like I never showed up, and spent several grand trying to sell a severely upside down lemon. 

I'm all for buying financially upside down deals, but 20% upside down?  Meh.

Haven't done that twice.  Knock on wood.

---------------------
I don't share the failed buyer/borrower stories, because it might reveal (unnecessarily) how I successfully  insulate myself from 'predator' buyers that Frank/Dodd created.
---------------------

Now, do you believe my home run stories?  LOL 
« Last Edit: July 07, 2019, 07:52:51 pm by javipa »
"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #97 on: January 30, 2019, 02:02:57 pm »
I believe. Holy real estate gods, 80 grand on one deal? I'm humbled, jealous, envious.

I have a bird dog named Enrique. He emailed me a few days ago to say, he had rented an office, wanted to get a direct mail campaign going and wanted me to furnish my knowledge w negotiations and contracts and etc., to do some 50/50 deals.
He claims to have funding for the campaign.

I'm ready to do this I think, but, why am I skeptical and hesitating? This is what I've been manifesting, a hungry young wild man to partner with. But then, I keep remembering that saying, which has always or usually been right on...
If it sounds to good to be true.... It probably is.
But hell, what have I got to lose? Win or lose, it's some fun sh-t.

Offline javipa

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Re: He Luvs Direct Mail
« Reply #98 on: January 30, 2019, 03:17:59 pm »
$85,000 on one deal.

===================
Either this guy is 'reeeeely serious,' or he's a flake.

Only agents set up offices, before they start doing their businesses.

The rest just need a corner with room enough for a card table, a folding chair and a laptop.  Enough with the offices.  Pffft.

That said, he's not gonna be satisfied with splitting his referral fee with someone who's not contributing to his HIGH overhead.

So, take advantage while he's still green, because he's gonna ripen fast.  Or he'll decide that offices aren't really that necessary, drop back; and focus on finding deals, rather than looking 'corporate.'

???


"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #99 on: February 03, 2019, 04:54:00 pm »
My bird dog Enrique has rented an office and wants me to teach him how to wholesale real estate for 50% of the properties he finds. After a few deals he wont need me anymore,

Or will he?

Sometimes u gotta bottle feed these newbies and put a stun gun to their testies to get them in gear.
And win or lose, it's frikin fun.

Who wants to make some Money?


Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #100 on: February 12, 2019, 05:37:43 pm »
To Old to Rock an Roll.
My long lost buddy Jim found me on Face Book. He came over my place and we smoked a bowl of his stuff. He told me he was restoring an old vehicle for a classic car enthusiast and was getting $25 an hour. I told him how I had been wholesaling houses and never left the house.
He told me had been sanding and doing body work and replacing rusty panels for weeks and was glad to escape for awhile.
Jim says he's 63 yrs old and I told him I was 67.
He then looked concerned and in his stoned state, asked wat was I going to do when I got too old to do real estate?
I told him, ur never too old to do real estate, in fact you cud do real estate the day b4 you die or maybe the morning of.
We broke into hysterical laughter.
But yea, instead of doing nothing we can be wholesaling real estate till the cows come home,


Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #101 on: February 18, 2019, 12:06:28 pm »
I got a call from an old guy wanting to cash out his 4 rentals. He's owned them since the flood and are all free and clear.
These houses are built in the 40's, two of them are 2/1's and two are 1/1's and one has a garage apartment that's not permitted.
Sellers name is Tony and he says he wants 400K which is about full value, but these houses have never been upgraded, I'm talking original wood slide up windows and old kitchens and bathrooms. Tony tells me they are all rented and he has a nice income from them.
I'm thinking even at 400K these have a potential rental income of 800 a month each and $400 for the garage apartment, there is some nice cash flow there. Now to give Tony my kick in the nuts price and see what happens.

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #102 on: February 21, 2019, 01:04:58 pm »
My latest bird dog ad is this,

Property Acquisition Manager

My Partners and I flip houses here in Fresno/Clovis/ Madera/Hanford and all the surrounding towns.
We have done a lot of deals. We specialize in older fixers. As you can imagine it can be profitable, but if you think it's easy and you want it sugar coated, keep looking.
If you have a car, phone and Internet, you're loaded for bear. No license required.

We pay a flat rate of $2,000 Cash for each address that you submit that we can do a deal on.
Email for my Free Info Pack

I've got about a dozen responses so far, cuz the masses dont start stirring till the sun comes out


However, This is probably what wud motivate the average bird dog.

Get paid for doing nothing.
Sleep in late, don't do anything and get paid. Real Estate Investor Rando will pay you to stay home and do nothing, Watch TV, eat junk food and smoke pot all day and get a big check for doing absolutely nothing.
Only requirement is that you be breathing and have no ambition. Are you living in your parents basement, worried about your most recent DUI? Well cheer up lowly human, cuz this is ur lucky day. I pay $200 a day for you to sit on ur ass and do nothing..
Call Rando and get ready to get paid for doing nothing.


Wud they respond to this?

Offline javipa

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Re: He Luvs Direct Mail
« Reply #103 on: February 21, 2019, 05:47:13 pm »

Get paid for doing nothing.

Sleep in late, don't do anything and get paid. Real Estate Investor Rando will pay you to stay home and do nothing, Watch TV, eat junk food and smoke pot all day and get a big check for doing absolutely nothing.

Only requirement is that you be breathing and have no ambition. Are you living in your parents basement, worried about your most recent DUI? Well cheer up lowly human, cuz this is ur lucky day. I pay $200 a day for you to sit on ur ass and do nothing..

Call Rando and get ready to get paid for doing nothing.



"149 Ways (Plus One) To Find Motivated Sellers..!"  -Free Report-
>>> Click: http://sub2marketdomination.com/how-to-find-motivated-sellers-2/

Offline Randoskie

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Re: He Luvs Direct Mail
« Reply #104 on: March 01, 2019, 09:21:17 pm »
They stole the floor. OK, now I've seen it all. I'm getting a 4 Plex on contract for 50K, my bird dog Rich found it in his small nearby town. It looks nice from the outside, large 2 story apartment building w parking on a quiet street w big trees.
It's when you go inside, it's like u were slapped in the head with a termite infested 2/4. The second floor is gone. I'm talking old oak T&G 1" thick hard wood flooring is friking gone. At least the floor joists are still there.
It's got graffiti, gutted to the studs w wiring and plumbing missing, rotting balconies. And you know what? I luv it.
Already generating some interest at 67K, Rich and I have done a bunch of deals and he likes 50%, and I like it also, especially when he drops it in my lap, all I do is send out txts and emails and my buyers are slobbering already.
Now the problem arises when they realize it's gona cost 150-200k in rehab, I estimate this building cud be worth 300-360 after repairs. This is fun.

 




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