From your experiences with
absentee owner lists, what is the % breakout of leads between buy - and - hold investors and accidental landlords (needed to move but didn't want to sell at a steep discount)?
I've heard of people having good success
with Absentee Owners in lower - income rental markets, but I don't see how - I would think these owners are getting pounded with mail over the years.
I've done bandit signs, craigslist ads and I have just started some direct mail campaigns to probates and to out of state
absentee owners who have owned their homes for more then 10 years.
We have purchased one property from our divorce list, 1
from absentee owner list, and 5 from our websites, all since November.
It could make that choice because it was owned and governed not
by absentee owners, but by employees.
@Brandon Foken Forgot to add, why not contact a local Title company and have them give you a Farm of
Absentee Owners in your area?
There's several list providers out there (Listsource is one of the big players) that will sell you a list
like absentee owners for a given area.
2 deals from bandit sign leads, 1 deal from
absentee owner leads, and 1 deal from probate letter leads.
I received about half of those leads from the county as out of
state absentee owners and the other half I searched myself street by street.
Making contact: To
reach absentee owners who don't hit his Web site, Flores finds their addresses on the tax rolls and regularly sends postcards and letters letting them know how the market's doing.
@Dennis Johnson it's a numbers game, hit them with mailers often and repeat...
find absentee owners who have owned 10 + years and have some nice equity built in.
The simplest way to do this would be to require documentation that you've been primarily living in the country for the last X months; a requirement that would block any would be
overseas absentee owners.
Councilman Ydanis Rodriguez and State Senator Adriano Espaillat said 552 - 556 Academy St. has been allowed to fall into structural disrepair for at least ten years as a result of the negligence of
absentee owner Rachel Arfa, the principal at Ocelto Capital Management and Ocelot Properties Management.
I'm not the big fan of mailing to
absentee owners without either a massive multi-media campaign which hit pain - specific triggers with matching USP's or a data list overlay such as default, tax default, deceased, etc..
What segment of the market are you targeting
i.e. absentee owners with > than 70 % equity in SFR or condo's, or pre foreclosure etc..?
If it's «wholesale with no cash and no credit», then the «out of
area absentee owners» get hit with a ton of marketing.
p.s.. For absentee I have my own list making machine - I had a friend develop a program to sort through all the tax records for any area and produce a neat table with property and
absentee owner contact info.
I assume that a
standard absentee owner list wouldn't be worth the time since most of them will probably not be too motivated.
We are interested in creating our letter that's general so that we can send it to people in foreclosure, probate people,
absentee owners etc..
in my case it was d4d,
then absentee owners, then probates, then craigslist, then yellow letters vs typed vs plain envelopes vs yellow ones.
Examples of reasons they are anxious to sell include: Financial Difficulty Medical Issues Divorce Job Relocation Bad
Tenant Absentee Owner Why look for a motivated seller?
For
absentee owner letters, I use the standard yellow letter format while I use a more formal typed out letter for probate leads.
I prefer to deal with private party sellers MOM AND POPS, either absentee owner [tired landlords -RCB- or owner occupants.I will double end these deals with competent agents.You will get full commission when you bring me the property and after I rehab it and want to sell itFAST.
Select the types of leads you would like to target (we
suggest absentee owners, bankruptcy leads, and / or sellers with tax liens) and select the county where you would like to invest.
Investors are under - represented in the annual study because survey questionnaires are mailed to the addresses of the property purchased and generally are not returned
by absentee owners.
I've been getting probate and
absentee owner leads straight from the county records and I have found this information to be much more reliable and a better lead generator.
My goal is to get a less expensive listing of local properties
with absentee owners that have owned the property for 10 years or longer, and multifamily only.
Try to
find absentee owners, pre-foreclosures (my coaching students should use my highly successful pre-foreclosure letter), vacant properties and any other type of motivated sellers.