Since Sunday morning my phone has been ringing non-stop with buyers interested in the property I was marketing. I didn’t have an equitable interest in the property (1104 S. Duncan), however I was assisting the owner with the marketing free of charge, which kept me legal. Not charging anything up-front actually helped in the long-run because; I was able to use an actual property to draw buyer leads with and help a fellow investor out at the same time. The house actually was put under-contract, not by any of my doing, the day after I posted the signs. However the buyers still kept calling. Once I found the house was under-contract I changed my voicemail message and let callers know that the property was sold. The message also directed them to a squeeze page (champaigndeals.com) which took their information so that they could be notified of future deals. I used a Skype phone number for my signs (I’ll never stray away from Vonage again, Skype is garbage) and I was able to keep record of each number that called in. So yesterday evening I set-up a automated call blast (using callfire.com) to call of the callers letting them know that the house was sold and informing them of the champaigndeals.com website. I now have about 30 more buyers on my buyers’ list than I started with.
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Pre-August-2011 Blog Posts
Entrepreneurship, Investing, Pre-August-2011 Blog Posts, REO
I’ve been doing a lot better in regards to accomplishing my weekly goals. I’ll provide a summary of last weeks’ goals:
1. Begin the SEO of my sites (done)
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Pre-August-2011 Blog Posts
Entrepreneurship, Investing, Pre-August-2011 Blog Posts, REO
I spent 12 hours between yesterday and today with my bandit sign mission. I made 40 of them from scratch. I think it was a good thing that I only made 40 because I had a hard time finding appropriate locations to place them in. I did my best to put them in locations that were near stop lights and I avoided highly manicured/maintained areas because I figured they would be removed faster in such places. Want counts is that I accomplished my mission of getting signs out this weekend. I made an impulse decision on Friday to do this, when I called around about obtaining signs and having them rush delivered, I found that the pricing was through the roof; handmade signs were my only option. On average a corrugated plastic 18″x24″ sign would run $1 each and the metal stake would also be about $1, then for say a quantity of 50 or 100 the shipping may be $30-$50. I was able to get the cardboard for free and all I had to buy was the stakes, nails, hammer, tape, and other miscellaneous items. The fee per homemade sign was about $1 each, so I was able to save just over half.
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Pre-August-2011 Blog Posts
Entrepreneurship, Investing, Pre-August-2011 Blog Posts, REO
I attended the bi-monthly Sherrif’s Auction today. It was the second time that I attended and things made a bit more sense today. Also, it was interesting to see the exact same people there as before. This lets me know that there are only a handful of investors here in town, or rather there is only a handful that purchase properties at auction. I made some investor contacts which I think will prove very valuable soon. I have some video about the whole Sherrif’s sale experience that I’ll post later.
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Pre-August-2011 Blog Posts
Entrepreneurship, Investing, Pre-August-2011 Blog Posts, REO
So, I was feeling spontaneous today and went to the Champaign County Recorder’s office on my lunch break. On the way there, I was reminded of how bad I need GPS for my car so I can ditch the inaccuracies of MapQuest.com. The Champaign County Recorder’s office has free public computer terminals that allow anyone to search deed, mortgage, lien, etc. information. What is lame is that you cannot do this for free from home. The fee starts at $75 per 4 hours of use! That is ridiculous, if it was per month I could maybe consider it resonable.
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Pre-August-2011 Blog Posts
Entrepreneurship, Investing, Pre-August-2011 Blog Posts, REO
Review of last weeks’ goals:
1. Purchase a journal to keep daily notes in (Failed). I still need to
get to the store and get a journal, for two weeks I have not got this
done. Actually, I’m going to go get this before I go to sleep tonight
just to get it out of the way.
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Guru.com and HireMyMom.com are already looking like they will be great resources.? I am in correspondence currently with 4 different freelancers.? It looks like the going rate is $25 per 500 word article, but one guy in India is quoting $2 per 100 words and he has the most/best feedback of all.? I think I?ll have try-outs and order an article from each of them and develop a long-term relationship with the freelancer who delivers the best content.
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