i havent marketed to them directly, but thats probably a good idea if you can easily access that information.
thats def. an area to be watching. what i have noticed is that alot of my calls have been coming from that category of people. they are all getting 99% financing from these banks and are not coming up with a penny because they dont have any money to begin with. then rates go up and all of a sudden there adjustable rate 100% financed mortgage is too much for them to pay. this is going to start getting worse especially if rates continue to go up (which greenspane has already stated would)
the only problem with it is there all short sale candidates because they dont have any equity at all and you dont really want to sub2 one with an adjustable rate mortgage in these changing times. alot of work, so brush up on your short sale skills.[ Edited by ZinOrganization on Date 07/10/2005 ]
I would call and also shoot an email but make it a personal email and not a spam to the office.
The best best is also a personal meeting face to face make the rounds on weekends to open houses in the areas and you can see if people are in the process of moving out also.
Remember you might just be coming off as a "waste" of time as a investor fishing for info without face time. We get alot of calls from investors wanting free info so seperate yourself and let them know you are serious and you will pay and not cut them out.
It is funny I have got 1 of my good friends right now in a perfect situation for you moved out of his house into his new construction that just finished.
jim we get them also but it is usually above 120 days and it is an intent to purchase letter versus a contract so it is not taken very serious at all.
doug now that i think about it, i know of probably 3 or 4 houses that fit your description of either friends of mine or my www.listings.LOL
a questions for you though what is the price of the homes you are doing these offers on? majority of properties i have contact with are well over 300k some close to 1 mil now with me just getting into the investment side of it i am finding my self cautious to jump in at that level. i ave been only reading and researching REI for 10 days and have taken out an ad in 2 newspapers every week for the next month and mail letters to preforeclosures everyday. i am just not sure with what else is right in front of me to make offers on but i know i want to make them no offers= no deals
i have been blessed to be pretty sucessful residential side of this business now i want to REI with the down market just trying to get some bearings and the customer i have had who were investors now are not so quick to answer questions about things now that i want to be www.competition.LOL
if they are female and you want to meet them only at a vacant listing they will think you are going to attack them. so be prepared to meet them at the office and show ID and make a copy of it,etc... just giving you a heads up. some of the women i work with are paranoid as can be, like anyone would want to touch www.them.LOL
vacant means no one willbe home for sure. sometimes with an occupied property the owner stays home, there is a phine line, alarm,things to use to fight ou off with,etc...
i am just saying after working with these women for years they are wired different and they think everyone is going to buy behind there back and are everything is fishy. it is pretty sad actually
To find a great agent I think all possible contacts are usefull.....but nowadays as you know email is easy going process..so people prefered to email
[addsig]
Hi There,
We use them in the vending biz. , it a clear holder w/ a clear adhesive back(one side) . It allows you to slide in about 6-10 biz. cards.(open on 1 side) Have purchased it at office depot and at office max. Found in the lisle w/ label holders. Expect the clerk to look at you strange when you ask for it - rarely know what it is or what you are asking about. Comes in a pkg. of 10 holders, about $3 -last time i bought it. Its biz card in size. Hope this helps? Mark
i havent marketed to them directly, but thats probably a good idea if you can easily access that information.
thats def. an area to be watching. what i have noticed is that alot of my calls have been coming from that category of people. they are all getting 99% financing from these banks and are not coming up with a penny because they dont have any money to begin with. then rates go up and all of a sudden there adjustable rate 100% financed mortgage is too much for them to pay. this is going to start getting worse especially if rates continue to go up (which greenspane has already stated would)
the only problem with it is there all short sale candidates because they dont have any equity at all and you dont really want to sub2 one with an adjustable rate mortgage in these changing times. alot of work, so brush up on your short sale skills.[ Edited by ZinOrganization on Date 07/10/2005 ]
Who is working this niche effectively?
WillWorkforKnowledge,
How has this area worked out for you? How about an update?
I would call and also shoot an email but make it a personal email and not a spam to the office.
The best best is also a personal meeting face to face make the rounds on weekends to open houses in the areas and you can see if people are in the process of moving out also.
Remember you might just be coming off as a "waste" of time as a investor fishing for info without face time. We get alot of calls from investors wanting free info so seperate yourself and let them know you are serious and you will pay and not cut them out.
It is funny I have got 1 of my good friends right now in a perfect situation for you moved out of his house into his new construction that just finished.
jim we get them also but it is usually above 120 days and it is an intent to purchase letter versus a contract so it is not taken very serious at all.
no offers= no deals
doug now that i think about it, i know of probably 3 or 4 houses that fit your description of either friends of mine or my www.listings.LOL
a questions for you though what is the price of the homes you are doing these offers on? majority of properties i have contact with are well over 300k some close to 1 mil now with me just getting into the investment side of it i am finding my self cautious to jump in at that level. i ave been only reading and researching REI for 10 days and have taken out an ad in 2 newspapers every week for the next month and mail letters to preforeclosures everyday. i am just not sure with what else is right in front of me to make offers on but i know i want to make them
i have been blessed to be pretty sucessful residential side of this business now i want to REI with the down market just trying to get some bearings and the customer i have had who were investors now are not so quick to answer questions about things now that i want to be www.competition.LOL
Median value around here is about $220k. I invest in the $150k - $500k range.
if they are female and you want to meet them only at a vacant listing they will think you are going to attack them. so be prepared to meet them at the office and show ID and make a copy of it,etc... just giving you a heads up. some of the women i work with are paranoid as can be, like anyone would want to touch www.them.LOL
vacant means no one willbe home for sure. sometimes with an occupied property the owner stays home, there is a phine line, alarm,things to use to fight ou off with,etc...
i am just saying after working with these women for years they are wired different and they think everyone is going to buy behind there back and are everything is fishy. it is pretty sad actually
send them your proof of funds and they will email with any property that will become vacant.
What area does your million dollar cash investor work?
To find a great agent I think all possible contacts are usefull.....but nowadays as you know email is easy going process..so people prefered to email
[addsig]
i have seen it done at ATM machines but it was nothing proffessional. i think they used tape.
where can you find the card hangers, who sells them, or do you plan on making your own?[ Edited by ZinOrganization on Date 07/18/2005 ]
does anyone know where to find these hangers they are talking about?
No radio, i think they are talking about a plastic business card holder that you can place 12 cards in. Not the door hangers.
The card hangers are for public places.
Hi There,
We use them in the vending biz. , it a clear holder w/ a clear adhesive back(one side) . It allows you to slide in about 6-10 biz. cards.(open on 1 side) Have purchased it at office depot and at office max. Found in the lisle w/ label holders. Expect the clerk to look at you strange when you ask for it - rarely know what it is or what you are asking about. Comes in a pkg. of 10 holders, about $3 -last time i bought it. Its biz card in size. Hope this helps? Mark