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40 Option-Contracts a week

February 1st, 2010
Half Ironman
Image by slagheap via Flickr

Another week has passed and I spent about 15 hours working on my offer-making machine.  Good news; I’ve got it done and it’s ready to kick-out offers (on expired MLS listings).  Bad news; the Option-Contract that I was planning to enclose as part of my offer is garbage.

Originally, I was thinking of just mailing a short letter with a complete standard MLS contract.  Then I had a change of heart and felt the Keep-It-Simple-Stupid principle would be best.  So, I’m opting to send a short letter with an option-contract, perhaps the simplified approach will be better.  I had found this very simple Option-Contract on a forum about two weeks ago and I made some tweaks to it to fit my preferences.  I setup the mail-merge with it and my cover letter, I was feeling like the best thing that ever happened to real estate.  The best that ever did it.  So my gut told me just to shoot over the option-contract to my lawyer just to cover my bases…and I’m glad I did.  I received an email response that was about 5 paragraphs long, the cliff-notes basically explaining that the document was trash.  So…I’ll be stalled on the 40 offers until I get my shiny new option contract back from my lawyer.

The beautiful thing is that I have about 500 expireds to choose from.  I could just pace the offers at 40 each week or maybe just push out more per week to make up for lost time.  This has been a weekly goal for about a month now.

Once I have my new option-contract, perhaps I’ll post in detail of how I created this automated system I now have.  Surely at least one person may learn from it or get an idea for something better.

P.S.
I’m going to step-up my fitness regimen a bit.  I was looking at a measurement that I made back in January of 2009, and back then I had a weight of 210 lbs and percent body fat of 19%.  I then measured myself again about a week ago and now have a weight of 200 lbs and a percent body fat of 17.2%.  Not much of a change.  However, I haven’t really been pushing that hard with workouts.  It’s kind of hard to do so when you’re not specifically training for something.  Very hard.  I can’t wait until I have time for triathlons and such.

- Peace Out

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Marketing, Real Estate , , , ,

NYE

December 31st, 2009
New York Times Square New year celebrations in...
Image via Wikipedia

So I’ve been working a lot on getting my wholesale deal straightened out lately.  I haven’t been giving a lot of detail about it because I don’t want to speak to soon about a deal that’s not completely wrapped up.  But just to give a little info, I found a buyer for the house, have accepted a deposit, and have completed the assignment agreement.  The only things that worry me is that there are about 5 title issues that the seller will need to clear before we can close.  The buyer is ready to go, he wants to close in two weeks, which will be about three weeks earlier than the contract states.  I’ve been assisting the seller in getting to the bottom of his title issues, on one hand I don’t have the obligation to do so, but on the other hand if this deal doesn’t close I’m back to square one.  Nooooooooobody wants to go back to square one, especially me.

I spent about 3 hours in the county recorder’s office today, just looking at the liens that are tied to the property.  I even found one error that is on the title, which is a good thing.  There is a lien attached to the wholesale property that really belongs to another house.  Someone who wrote the note for a different property, put the correct address and wrong PIN.  The PIN which belongs to the wholesale house.  To be honest, I was proud of myself when I found that.  Sherlock Holmes is my kinfolk.  But anyway, I printed out all of the liens on the property (at the very low price of $1 per page!) and made copies and gave them to the seller.  I explained all of the liens and told him where to call for more information.  My worst fears are that since some of the liens were a surprise to the seller, the ones that aren’t errors will of course come out of his sale price, then at closing when he see’s what I’m making on the deal, he may refuse to close unless I fork over some dough.  This happens sometimes, surprised?  Me too.  I first heard of this two days ago as it came straight from the mouth of my lawyer.  I don’t want no parts of that.  That’s why I have new customized, titanium contract and addendum’s for all of my deals going forward.

Anyway, I’m praying that this deal will close.  Because I have have WHOLE LOTTA marketing to do with the proceeds.  You’ll see!  Then when it closes, I’ll give an in-depth analysis of what I did right, what I did wrong and I’ll do for next time.

- Peace Out

P.S.
I need to be in NYC next year to watch the ball drop in person.  Enough of this watching-it-on-TV stuff.  Happy New Year!

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Real Estate , ,

It’s Hard Out Here For a Pimp

December 1st, 2009

Today in my 9-5 jungle, the company layed-off 30 people.  I think I just barely avoided the cuts this time and aint no telling if/when round-two comes around.  It’s not like I already didn’t have a fire lit under me, but this just added some gasoline.  Aint shit safe, when your livelihood is dependent upon a company you don’t own/control.

The company I work for had already implemented a company-wide furlough for December.  These lay-offs were completely out of the blue.  I’m glad I’m not out of work yet, but am sad for those who are now unemployed.  I mean, everyone can’t be their own boss and get into real estate investing…some people are stellar employees versus employers.  Where are they to turn when many other companies in the area aren’t hiring?  Damn.  I’m now witnessing what I’ve been reading about for the past year regarding the economy.

Before today, I had already mentally constructed backup plans for if/when I get fired/layed-0ff.  First-off, I’m thankful that I don’t live beyond my means.  Although, I do dump alot of cash into my business, it’s an investment that I just haven’t realized any returns on as of yet.  I don’t have LCD TV’s, motorcycles, XBOX’s, gold teeth, or none of that extra stuff.  I’m single with no dependents, a 98 Pontiac Grand-Am (paid for), and a month-to-month apartment lease.  If I were to lose my job tomorrow, I would most likely expand my strategy to acquiring rentals on owner financing.  There are a plethora of landlords that are looking to sell their rentals.  I’m sure a deal could be found with one or more of them.  And I’m confident that I could creatively out market them and fill the vacancies.  Why aren’t I doing this now?  I don’t have the capital for a necessary cushion to allot for the operating expenses of rental units and to take losses from time to time.  But if I didn’t have a choice, the risk would be moot.  And plus, with 45 hours a week freed-up, I’m confident I would make things work out.  Network more, partner-up, use OPM, etcetera.

But, as of now, I’m still sticking with the original plan.  And that is to wholesale until I have some capital stored and then transition to buy-hold strategies.

I’m going to get in touch with the lady landlord tomorrow that I’ve been dealing with.  I’ve given it some thought and I’m going to tell her over the phone that we don’t have a deal unless she can come down another 10K.  She probably won’t like that at all.  Then I’m going to FedEx a contract that’s for 15K less than what we verbally agreed upon.  Sounds pointless, but who knows…she might just sign-it and call me.  Besides, if I’m going to strikeout, I’m going to Babe-Ruth-point to the left field wall and swing out of my cleats.  Why not?

- I’m out

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Random, Real Estate , , ,

High Tension Power Lines

November 25th, 2009
High tension power lines
Image via Wikipedia

So I ran into a snag with the property that I’m looking at.  I took a second look at it today, but this time with one of my buyers (who also happens to be an appraiser).  There are high-tensi0n lines in the backyard and apparently this will be a huge flag for a lender (FHA especially).  So, even if I get a cash buyer to wholesale to, they may be stuck with the property when/if they attempt to sell to a retail buyer.  This limits a buyers’ exit strategy severely, therefore it limits me.

Now that this power-line issue is clearly a hurdle, I may need to renegotiate the selling price.  I need to get a bit more wiggle room on this one so that the power-lines in the back yard won’t be such a deal breaker.

Now that I’ve had more time to reflect on things, it’s now clear that I don’t nearly have enough cash buyers.  I’m very glad that I don’t have this property under contract yet, because I would’ve contracted too high of a price.  I’d rather the seller sell to someone else than for me to wrap the property up under contract and have to bail.

To get more cash buyers, I’m going to exploit CraigsList on a national scale.  I’m thinking of using an auto-posting software, such as CL Bot Pro, to post ads about Wholesale Properties in Champaign, Illinois.  Also, to complement those efforts, I’m thinking of hiring a University of Illinois grad-student to perform some extensive research on the residential real estate rental market in Champaign, Illinois.  Perhaps, have the student compile some information, statistics, and record a video presentation that would be PRO-invest-in-Champaign.  Post the video to CraigsList, a dedicated squeeze-page, and elsewhere on the web.  I think this would do the trick for drawing buyers to this market.  Actually, the more I type about this…it’s a done deal.  I’m about to do it.  I only have 363 days, no time to waste.  I need to launch a separate website for this or perhaps just give my Schwaps company blog a makeover and incorporate these changes.  Perhaps, also create an eBook incentive for the sign-up.  I’ll polish this idea over the holiday and I plan to have something up by next Monday.

I just remembered that I’m supposed to be doing Accountability Mondays’.  Okay, this time I’m putting this in my Outlook calendar, so I won’t forget again.

I’m out!  Happy Turkey Day!

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Marketing, Real Estate ,

Working Smarter

November 16th, 2009

It’s been a while since my last post.  Took some time to reflect on what I’m doing, what’s working, what isn’t and to restrategize.  No burnout, just always striving to work smart. The hiatus is over.

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Real Estate , , ,

REBarCamp and such

October 26th, 2009

I’ve got an action packed 7 days approaching:

Tomorrow I meet with the lady I mentioned in my last post whose house I targeted with one of my direct mail letters.  My Realtor/Investor colleague and I took a look at the property last Friday.  Man was that thang tore-up.  It will need a new roof, new windows, new kitchen, a new whole bunch of stuff.  But the good thing is that this is the worst house on the street.  All of the neighboring houses look great.  I have some comps, a CMA, and an estimate of repairs to accompany my offer.  So this should take the shell-shock out of the offer.  I think she is expecting an offer close to retail minus just a few thousand in repairs…I hope not.

Tomorrow evening, I’m meeting with the Tax Lien investor who I created the screen-scrape for of the County Assessors’ website.  The scrape just referenced each property by parcel number and extracted the homeowner name, property address, mailing address, market value of land, market value of building.  He mainly wanted this done so that he’d know going into the tax sale which properties have a building attached.  In the past he had inadvertently purchased the tax liens on ponds and vacant land.  I even went a step further and computed some ratios for him in excel, a tax/value ratio.  The lower the ratio the better as in a small amount tax lien could possibly result in a high dollar property.  There’s also some other stuff that I hooked up too.  I think I’ll do a BiggerPockets.com post about Tax Lien research and such on Thursday.  The sale is this Wednesday morning and I’m going to check it out.  I’m interested to see how this goes down. I’ve heard of the fast pace of these things.  I’ll get some video footage if I can.

I now have 5 different classified ads out and because of my nifty tracking methods, I know which paper is yielding the best results thus far.  And that is the American Classifieds/Thrifty Nickel.  My phone is blowing up with people calling from this paper.  And I must say, I love the ad that I placed.  I took the idea from a Preston Ely ebook I purchased a while back.  The ad says:

I Buy Houses CA$H, Quick Close, All These Other Ads Are Jokes! Call Justin @ 217.123.1234

The bad thing is that alot of the people who are calling on this ad, have properties way out in the sticks.  I wasn’t expecting that.  I can’t spread myself all over central Illinois researching different areas and trying to become an expert in them, just not feasible.

I had this one guy who owns a rental in the boonies call me 7 times today.  That’s right SEVEN times.   He left a message the first time and couldn’t wait for me to get back in touch with him.  I was thinking I had a really motivated seller on my hands.  I call him back and this kid wants 3k less than full retail!?  I told him that he may be better suited for a Realtor (I don’t have time to waste), but then he started rebutting and says maybe we can work something out.  I really think that this guy is desperate but just doesn’t want to show his hand.  He kinda already did by calling me SEVEN times in an 8 hour time span.  We’ll see about this one.  I honestly couldn’t care less (for some reason very positive things happen for me when I don’t try too hard).

Next Monday, I’m going to the REBarCamp in Indianapolis.  This event is basically a conference where real estate professionals come together and exchange ideas and techniques for implementing web 2.0/3.0 into their business.  I see it as a marketing workshop.  Should be enlightening.

It’s 10:35pm and I’ve still got a gang of stuff to do before I call it a night.  I burn so much midnight oil, I should buy stock in this s**t. Peace Out

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Internet Marketing, Marketing, Random, Real Estate, Tutorials, Uncategorized, Web Development , , ,

Procrastination is the enemy

October 22nd, 2009

It’s 1:46am and I’m kind of up lollygagging around.  Well I take that back, I guess I’ve been productive as I was just over at www.mytechopininion.com which is a tech website for those in Real Estate. Pretty cool stuff over there, check it out when you’re able.  And I also watched a few YouTube videos that focus on some new advertising methods.  I love YouTube to death, I swear…anything you ever wanted to learn, you can find it there.  It’s now the number two search engine, by the way.  Just a little fun-fact.  It’s second to Google.

I mentioned that I’ve placed some “we buy houses” ads in four different papers and my phone is buzzing with calls from those ads now.  That and I still have a trickle of yellow-letter responses coming in (more on that in a bit).  After a month, I’ll report with what I find is the most effective news-paper in the area and how many calls each ad brought in.  Also, I made a blog post last week at BiggerPockets.com that goes in detail about how I’m using Google Voice with Vonage to track all of my calls.  The people who I’ve talked to who have responded to my ads have been as nice as can be!  They all haven’t been extremely motivated but much better than the tire-kicker type.

I figured out why I pissed some people off with my yellow letters and it all makes sense.  You ready for the reason?  Okay, here it is…it’s because they were tricked with the authentic appearance of the mail.  If you get a type-written envelope in the mail that says something like “To the Residence of, 123 Main Street” that thing may go straight to the shredder (you need one of those if you don’t already have one by the way).  But if you receive an invitation envelope with your name and address handwritten on it tomorrow, I’d be willing to bet that you open it before all of your bills and other mail.  Some people were just mad that they didn’t receive a love-letter, a wedding invite, or a note from their penpal (do those even exist anymore).  But anyway, that’s all old news.  Plus out of 800 mailings I only received like 15 heated voicemails, so that’s not even 2%.

I am really procrastinating on writing up some other stuff  I have to get done for tomorrow, it’s now 2:07am.  I swear, this is just like college.  I’m horrible at prioritizing.  I procrastinate with the things I don’t feel like doing.  But a new trick I picked up is to still take care of something that needs to get done in the mean-time.  This way I don’t procrastinate all together.  Baby steps.  I really don’t feel like staying up all night tonight.

But back to the yellow letter calls.  So I received a call today from a lady who is looking to sell a house that has been in her family for years.  She seems to be fairly motivated as the property has been vacant for some time.  While it was vacant she said she even had squatters in there for like 5 weeks.  She just went through the trouble to kick them out.  But they left a trashed property behind.  I’ll cut all of the details short. But I have a good feeling about this because she told me that she has received countless pieces of mail about the purchase of her property.  But she called me first and I’m the only person she has spoken with thus far!  Could it have been the personalized letter that made me stand-out or just a coincidence? I don’t know but we shall see.  I meet with her on Friday to have a look at the house.

I interview a potential virtual assistant/phone receptionist tomorrow.  Hopefully she will be legit and I can start forwarding my calls and what I’m more excited about is having someone complete some cold-calls for me.  Like some cold-calls on classified ads and such.  She seems like the real-deal, but I’ve had such thoughts before.  I’m going to grill her and see where she’s at.  Grill her like the job pays 50K a year.

Peace Out.

- Justin

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Real Estate , , ,

Onward and Upward

October 14th, 2009

So it’s been over a week and the calls have drastically tapered off.  I had planned to give some exact call counts, but I kind of screwed that up when I was altering the settings for my Vonage account when setting up my Google Voice accounts (the counts got off).  So I’ll approximate.  After 1 week of the letters being in possession of homeowners, I received about 70 calls with about 12 of those being leads.  Out of the 12 leads about:

4 turned out to have their house listed on the MLS
2 I’ve played phone tag with
2 I’ve yet to call
1 Is in Pre-pre-foreclosure*
1 Plans on moving to ATL in February
2 Will most likely sell retail when ready

* The guy who is in pre-pre-foreclosure is disabled and is soon to be receiving disability checks.  He said he just caught his mortgage up from being 4 months late to 1 month late.  He said that he wants to sell because he doesn’t know how long the disability checks will last and needs to downgrade.  I’ll check back in with this guy in a month or so and see where his motivation is.

The guy who wants to move to Atlanta this winter may turn out to be gold as well.  He didn’t seem too motivated when I spoke with him, but this may change.  I’ll also check back in with this guy next month.

One of my letters hit the property of an investor in town that has over 60 properties.  He responded to the letter just to chat for a bit about investing.  We met in person last Friday and he’s looking to divest his portfolio and needs someone (me!) with a creative mind to market them.  He also invests in Tax Lien certificates and needs someone to perform some follow up with the liens that may soon convert to deeds.  So perhaps we can work out something there, we haven’t negotiated any particulars but I expressed my interest and we may meet later this week.

** One quick note about this guy. I don’t think I mentioned in an earlier post that I went to the County Recorders’ office one day and looked through the judgment books.  I wrote down the information of all the purchasers from the previous years’ tax sale (for buyer’s list building purposes).  I then Google’d each person to see what I’d learn (did I ever mention that I love Google, I could almost be a P.I.).  So when I met with this guy, I already knew a little about him.  But then again, I’m pretty sure he Google’d me before he called me because he mentioned my blog.  So that means he may read this…awkward…

Another letter made its’ way to a Real Estate broker who was a former investor and she called to chat about investing, what she’s doing Real Estate wise and her consulting business.  This lady was cool as a fan.  She was very wise and said that I’m free to call her whenever with questions.

So besides the leads there were many positives to overcome the negativity from early last week.  Sometimes I post my frustrations and speak of slacking and what not, but that’s all part of the experience.  The purpose of this blog is to document it all.  So don’t think that I’m going to give up or get depressed by these suckers who waste their time hating.  I would never lie to you and I honestly think half of what people say is funny.  Now the other half can meet me in the octogan…but I digress.  The point is I’m going to blog about it ALL…give it to you straight, no chaser.

Since I’ve launched my Yellow Letter campaign, I’ve also launched some other marketing.  I’ve got a Sunday classified ad that is going to go in the Champaign News-Gazette, the Savoy Star, and Accent.  I’ve also got an ad that is going to run in the American Classifieds.  And my Yellow Pages Ad prints and should be delivered in November.  I’m going to follow-up to my mailing list in about 6 weeks with a postcard.  I’m also thinking about buying a list from YellowLettersComplete.com, perhaps the pre-foreclosure list.  And the Bandit Signs will go in effect again very soon.  I ordered some more.  This time instead of buyers, I’m going to target sellers.  And I’m going to place them out on Friday and pull them on Sunday.  All of the Realtors do this.  I just needed to cross the line so I knew where it was the first time.  I shouldn’t get any heat for this.  If I do, I have an arguable case.  I also am going to ramp-up my CraigsList activity.  So as you can tell, I’m grinding…but still have a ways to go.

Yesterday, there was a Rich Dad Poor Dad seminar in town.  You know the seminar that gets people amped up about Real Estate investing, and claims that they’ll teach all of the ropes for $500 3-day seminar.  Once you get to that seminar you learn that to really learn all of the ropes, you need to pay $30,000.  I mean, I’m not saying this is a bad deal but DAMN!  At least that’s what the attendees usually say as they leave the hotel banquet room.  I’ve been there done that and so I spontaneously thought of a way to capitalize.  I made up some flyers at the last minute that were aimed towards finding someone to birddog/partner with.  The flyer was folded into a 3-part brochure and in a nut-shell it said

Interested in starting out in Real Estate but can’t afford the training? Call Me! I’m a house-flipper that is looking for partners to work with in Champaign-Urbana.  No experience necessary.

I put those flyers on about 40 cars in the parking lot outside of the entrance to the seminar.  I was scared to death, I didn’t want to get caught and fined.  I almost didn’t do it.  But I did it anyway.  It’s time to start making things happen.  I really don’t care anymore about the rules.  I ask myself, “What’s the worst that can happen?”.  And if the answer doesn’t involve an arrest or bodily harm, then I’m doing it.  So anyway, I did all that and didn’t get one stankin call!  Oh well.  Maybe next time.

Welp, that’s all for now.  I need to kick out a BiggerPockets article for tomorrow.  I think I’ll focus on the features and uses of Google Voice for investors.  Writers’ block, here I come! Peace out.

- Justin

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Internet Marketing, Marketing, Real Estate, Tutorials , , , , , ,

I’m an IDIOT

October 6th, 2009

Today wraps up the end of day one of the Yellow Letter campaign.  I received 30 calls in total.  That’s already a 3.75% response rate.  However, there are only two leads (one warm and the other is semi-warm).  This technique is reported to yield a 10 to 15% response rate, so that means I should have another 50 responses or so.  Hopefully, I’ll get some more leads.  I could care less about responses.

Which brings me to my next topic.  I have about 7 voicemail messages that are utterly ridiculous.  These messages were left when my Realtor was occupied with other calls or after 6pm.  And I mean they are pure comedy!  I bet the callers would be infuriated more if they could hear me laughing when listening to their messages.  I’m choosing the top two to share for your listening pleasure.  I worked on my six-pack by listening to these.


“Like I didn’t already know this”


“I’m really tempted on this one…”

The last message really inspires me to make an offer.  He wouldn’t have received a letter if he had a house with a tax assessed value over $150K, in-case you couldn’t smell the sarcasm.

Perhaps I’ll FedEx this guy an offer tomorrow.  The offer would be an option to buy his house in 2 days for $500k.  I’ll include a $100,000 option-consideration check, however there would be an inspection contingency.  He must have heated marble floors throughout, even in the garage!  I would definitely do this if I could hide in the bushes and secretly video tape his reaction when he read the offer.  That would be sooo worth it!  You don’t even know!

I mean seriously…there were many people who called and spoke to my Realtor or left a message pissed-off that I mailed them about buying their house.  If you didn’t care, don’t pick up the phone and waste your breath and my time.  Some people just have way too much free time on their hands and want something to have an opinion about.  Some of these messages remind me of the Family Guy episode with the lonely old widow cut-away.  A few of these ladies got my letter today for sure and called in.

Seriously, these people just don’t know I was making it rain with their letters hours before I sent them. Kick rocks! I’m out.

P.S.
If my CraigsList ad gets flagged one more time, I’m whoopin some ass!

- Justin

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Virtual Numbers, Tax Sale Buyers, Municipal Code

September 29th, 2009
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It’s almost time to start my accountability posts again.  I said that I wouldn’t do so until I got my direct mail campaign launched.  As soon as I find one, preferably two, good phone receptionists and create a script for them, and create a lead sheet for them to complete, I’ll be good to go.  From the naked eye, it looks like I’m procrastinating on this marketing launch but I’m really not.  One of my freelance checks just came in, so now I have the capital to fund the postage for all 900 pieces of mail and it should also cover some of the labor paychecks.  I just need to make sure that I’m utilizing technology to work most efficiently to my advantage.  I think I’ll check into using Google docs for my assistants.  That way, I think I can share a document so that it is writable among multiple users.  They can enter in leads that way.  Or maybe I’ll just create a simple orphan webpage for them to use that has a form for them to submit the information.  I haven’t figured out what I’m going to do with this yet.  I need to decide immediately!  Time to get going!

Also, I just reminded myself by typing that first paragraph that I need to get some of my other marketing up and going to.  I was holding off on some things due to the fact that I’d need a phone receptionist (I never want anyone to call and reach a machine, there’s a good chance they won’t leave a message).  And I didn’t want to get a phone receptionist until there was a justifiable amount of incoming calls.  The direct mail campaign alone justifys the phone receptionist and the additional advertising responses will be covered.  The other marketing includes; what I’ve included here in this document that was created back on June 17th of this year.  So that I have somewhat of a strategic approach for my advertisement tracking, I will purchase some virtual numbers through Vonage.  I already have a Vonage account that I use for my office business line.  With additional virtual numbers assigned to specific advertisement mediums, I will be able to track who responded to what and what generates a better response rate and etcetera.

Today, I just mailed out 6 letters to properties located outside of SW Champaign that I found when “biking for dollars“.  One of the properties that I found (the one that looked abandoned) is tax delinquent.  I found this out after running a search on it at the County Assessor website.  When I was at the property, I spoke to the neighbor’s about it.  They said that the guy hasn’t lived there for at least two years and they don’t know where he’s gone.  The bad thing is that the mailing address for the property is the same as the physical address.  So unless his mail is forwarded somewhere, the piece of mail I sent isn’t going to get to him.  I’ll wait a week or two and then get a Skip-Trace on the guy.  By the way, is there anyone reading this that knows of a good Skip-Trace software?  I know I can hire someone to Skip-Trace, but I’d rather do this myself if I can find a comprehensive and affordable software to work with.  Also, while I’m thinking about it who knows of where Divorce data is stored per county?  I’m looking for names and dates of divorce cases, I know this has got to be public somewhere on the web, suggestions?

And speaking of tax delinquency, the Champaign tax sale is coming up at the end of October.  I failed to do so last year, but this year I’m going to go and round up some property buyers.  I did some research today at the County Clerks office on the tax lien sales of 2008.  I looked in this big-ass book called the “judgement book”, it was basically a ledger that showed the property address, the property owner, the date they did/didn’t pay their real estate taxes, and if they didn’t WHO did.  That lame office closes at 4:30pm every weekday and I got off of work at 4 so I didn’t have much time, but I was able to record a few names of individuals and companies.  I don’t have any contact information on them but I plan to do some digging (you’d be surprised what I can find about any one person on the internet, maybe I should become a Skip-Tracer).  I bet some of them will be good wholesale buyer candidates.

Also, I’m currently doing some research regarding municipal code violators.  Specific municipal codes that are violated would indicate to me that the property owner may be in distress.  Like say, if a fallen tree laid unattended for too long (maybe can’t afford removal and perhaps the mortgage too…pre-foreclosure), or if a property’s grass and shrubs are overgrown (maybe the property is vacant…absentee landlord, probate, etc.).

Got some other stuff going on, but I need to get back to work so I’ll report more later.

- Justin

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