InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Work consistently for 30 days, then look at your results... Posted by Ward-CA- on January 29, 2004 at 11:03 PM In Reply to: Newbie Questions posted by Newbie-CA on January 28, 2004 at 3:21 PM : First off, Thanks to all of those that post replies, especially Ward. You guys are great! I've been reading the message board about newbie info and I think I've got most of it down, at least in theory. : Steps: : 1-Locate property : 2-Analysis of property : 3-Send mailer/ knock on door : 4-Close deal : 5-Make property look pretty : 6-Sell property : Did I miss something? Any suggestions for step 3? Mailer or knock on door? Most people I've spoken to say mailers work for them just fine. My assumption is that homeowners are flooded with mailers and the odds of them contacting someone from a mailer are relatively low anyway. But then I read a recent post that stated that it usually takes about 50 visits before they can seal a deal. Ward on the other hand says 20. Are these realistic numbers? The reason I ask is because I'm not the schmoozer type and I'm concerned that I'll forever knock on doors with no success. Ward, would taking your class give me an edge and bring out the confidence in me? Or am I just out ogf luck? Any advice would be appreciated? ======================== #3. I can tell you that most owners in default don’t ever open the flood of mail they receive once their foreclosure becomes public knowledge. But if you have any doubts about it send out a trial run of 100 mailers and see what happens. And the number of average visits it takes one person to land a deal versus another won’t lead you anywhere. The variables involved are too chaotic. I’d just focus on doing a deal a month no matter if it took 10 or 100 visits and no matter whether schmoozing was in my blood or not. Trying to guess the work effort involved is too iffy to base a decision upon. Just go out and bust your butt for one month and then you’ll know for sure whether equity buyouts is the game for you. Hope this helps. Follow Ups: Re: Work consistently for 30 days, then look at your results... Nancy LA 9:04 PM, 03/22/04 (0) Sound fair, Thanks! (NT) Newbie-CA 11:52 AM, 02/02/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : First off, Thanks to all of those that post replies, especially Ward. You guys are great! I've been reading the message board about newbie info and I think I've got most of it down, at least in theory. : : Steps: : : 1-Locate property : : 2-Analysis of property : : 3-Send mailer/ knock on door : : 4-Close deal : : 5-Make property look pretty : : 6-Sell property : : Did I miss something? Any suggestions for step 3? Mailer or knock on door? Most people I've spoken to say mailers work for them just fine. My assumption is that homeowners are flooded with mailers and the odds of them contacting someone from a mailer are relatively low anyway. But then I read a recent post that stated that it usually takes about 50 visits before they can seal a deal. Ward on the other hand says 20. Are these realistic numbers? The reason I ask is because I'm not the schmoozer type and I'm concerned that I'll forever knock on doors with no success. Ward, would taking your class give me an edge and bring out the confidence in me? Or am I just out ogf luck? Any advice would be appreciated? : ======================== : #3. I can tell you that most owners in default don’t ever open the flood of mail they receive once their foreclosure becomes public knowledge. But if you have any doubts about it send out a trial run of 100 mailers and see what happens. : And the number of average visits it takes one person to land a deal versus another won’t lead you anywhere. The variables involved are too chaotic. : I’d just focus on doing a deal a month no matter if it took 10 or 100 visits and no matter whether schmoozing was in my blood or not. Trying to guess the work effort involved is too iffy to base a decision upon. : Just go out and bust your butt for one month and then you’ll know for sure whether equity buyouts is the game for you. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455