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hockeyguy

255 Posts

Posted - 08/26/2008 : 9:23:14 PM

Is there a way to get a list of people who rent/addresshout spending big bucks? Say you are going to do a mailing with a realtor for a house they have listed and you want to hit renters. Anyone have any advice. Thanks

darkstar

18087 Posts

Posted - 08/26/2008 : 9:31:38 PM

Run streets without street number of those streets with apartment complexes on them at whitepages.com, rinse and repeat...Takes time but it's free...

It must be the only thing Ray offers you don't claim to use and kill with, ask him, he has them...

hockeyguy

255 Posts

Posted - 08/27/2008 : 08:27:04 AM

Dark - Thanks for the information. OK so I have a big complex here in MN that I know the street & address went there yesterday hoping I good just get the information off the mail box but no luck. So your saying go to whitepages.com and do I go under Reverse Lookup? Once again thanks but please give up on the whole Ray thing. I'm just a guy in the business looking to make things work for all involved.

raymondb

4131 Posts

Posted - 08/29/2008 : 08:12:41 AM

Rick since stephen likes to mention me so much I will respond. He is right on this one though.....just as I provided you with great pricing on your ARM list I can also get you good pricing on renters list (Just a few pennies per name and it saves you time). WE can filter by minimum income, many geography filters such as city, or zip, county per haps. we can do callable or mailable and have the list back to you with in 24 - 48 hrs. let me know boss.

quote:
Originally posted by hockeyguy

Is there a way to get a list of people who rent/addresshout spending big bucks? Say you are going to do a mailing with a realtor for a house they have listed and you want to hit renters. Anyone have any advice. Thanks

aspiring1

1302 Posts

Posted - 08/29/2008 : 1:08:26 PM

quote:
Originally posted by darkstar

Run streets without street number of those streets with apartment complexes on them at whitepages.com, rinse and repeat...Takes time but it's free...

It must be the only thing Ray offers you don't claim to use and kill with, ask him, he has them...

Stephen, your post got my attention, I am looking to hit renters in the So Cal area since prices to buy are becoming ever more affordable. So what I should do is enter the street name into whitepages...what info would I expect to come up? I love free, I have time to invest. :)

darkstar

18087 Posts

Posted - 08/29/2008 : 2:04:00 PM

just enter the street and zip code and it will list all listed names, addresses and numbers!...

And if too time consuming let Ray save you the trouble!

aspiring1

1302 Posts

Posted - 08/29/2008 : 2:20:06 PM

quote:
Originally posted by darkstar

just enter the street and zip code and it will list all listed names, addresses and numbers!...

And if too time consuming let Ray save you the trouble!

Actually I may just do both! Thanks!

darkstar

18087 Posts

Posted - 08/29/2008 : 2:53:32 PM

It's a beautiful world! :-) Have a great weekend!

aspiring1

1302 Posts

Posted - 08/29/2008 : 6:36:10 PM

quote:
Originally posted by darkstar

It's a beautiful world! :-) Have a great weekend!

Thanks you do the same!

hockeyguy

255 Posts

Posted - 08/31/2008 : 7:44:32 PM

aspiring1. I also went to the library and used the Coles Directory which was pretty cool.

peter

4543 Posts

Posted - 08/31/2008 : 8:17:07 PM

Thanks, Stephen, and for the first time I got to know
my same street neighbors and their first and last names.
I'm having fun with the White Pages right now.

Peter

darkstar

18087 Posts

Posted - 08/31/2008 : 8:33:25 PM

I use it religiously...If you run into a fax or disconnect, try finding better there first...Sometimes the name of the person, street or something is spelled wrong, search by name(last, then first and last), address by street only then with the street number, if it's out there, you'll find it!...

Real good for apts as you can just run a street and get everyone that lives there in one shot!

peter

4543 Posts

Posted - 08/31/2008 : 8:42:01 PM

Stephen, that's fantastic and the apartment renters could
be prospects for FHA purchase loans as FHA allows FICO as
low as 560. So, there should be enough FHA-qualified renters
there statistically, perhaps at least more than 50%. Speculating
a little, I would think that couples would make a better
prospect than singles due to their combined incomes and lack
of space for two in the typical apartment. But I could be wrong.

Peter

darkstar

18087 Posts

Posted - 08/31/2008 : 8:49:07 PM

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

aspiring1

1302 Posts

Posted - 09/01/2008 : 09:18:56 AM

quote:
Originally posted by peter

Stephen, that's fantastic and the apartment renters could
be prospects for FHA purchase loans as FHA allows FICO as
low as 560. So, there should be enough FHA-qualified renters
there statistically, perhaps at least more than 50%. Speculating
a little, I would think that couples would make a better
prospect than singles due to their combined incomes and lack
of space for two in the typical apartment. But I could be wrong.

Peter

Peter, you are very right. I think this is the perfect time to target
apartment renters for FHA purchases. I know that all it takes is a simple phone call to apartment management to find out what people are paying to rent, and compare that to what they can afford to buy.

diivo

66 Posts

Posted - 09/01/2008 : 4:48:33 PM

quote:
Originally posted by aspiring1

quote:
Originally posted by peter

Stephen, that's fantastic and the apartment renters could
be prospects for FHA purchase loans as FHA allows FICO as
low as 560. So, there should be enough FHA-qualified renters
there statistically, perhaps at least more than 50%. Speculating
a little, I would think that couples would make a better
prospect than singles due to their combined incomes and lack
of space for two in the typical apartment. But I could be wrong.

Peter
Peter, you are very right. I think this is the perfect time to target apartment renters for FHA purchases. I know that all it takes is a simple phone call to apartment management to find out what people are paying to rent, and compare that to what they can afford to buy.

I know... such a perfect time... as DAP's are leaving.. lol?

peter

4543 Posts

Posted - 09/01/2008 : 8:32:33 PM

If you need to do a zero down purchase loan for your
renters, it might be better to study CAHFA guidelines
(Pls google for California Housing Finance Agency website
and read the guidelines) and prospect for rents in
low-to-moderate income zip codes so that your FTHBs will
qualify for zero down under CAHFA guidelines. And if
your rent prospect can pay down 5% and get a conventional
purchase loan (Agency), then go to Wells, Citi, or HSBC,
and see if you can make an extra 1 point rebate by
putting your buyers under CRA (California Redevelopment
Agency).

Peter

aspiring1

1302 Posts

Posted - 09/02/2008 : 6:16:42 PM

quote:
Originally posted by diivo

quote:
Originally posted by aspiring1

quote:
Originally posted by peter

Stephen, that's fantastic and the apartment renters could
be prospects for FHA purchase loans as FHA allows FICO as
low as 560. So, there should be enough FHA-qualified renters
there statistically, perhaps at least more than 50%. Speculating
a little, I would think that couples would make a better
prospect than singles due to their combined incomes and lack
of space for two in the typical apartment. But I could be wrong.

Peter
Peter, you are very right. I think this is the perfect time to target apartment renters for FHA purchases. I know that all it takes is a simple phone call to apartment management to find out what people are paying to rent, and compare that to what they can afford to buy.

I know... such a perfect time... as DAP's are leaving.. lol?

Well it all depends, the only type of sales really happening in my area are
short sales, REOs, foreclosures etc. So an FHA down payment of 3 or 3.5% on a $100k-$200k home, is a little more affordable than previous years of $350K+ home prices.

Rene Viloria

1826 Posts

Posted - 09/03/2008 : 10:58:24 AM

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????

aspiring1

1302 Posts

Posted - 09/03/2008 : 11:36:59 AM

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????

I know I'm not Darkstar but I thought I'd throw my script in
from my prospecting to renters so far:

Hello (name) this is Jarvis with (company); the reason for my call is we are
contacting people in the local area who we show are renting and may be good candidates
for owning a home . Can I ask (name), looking into the future would you like to continue
renting or would you like to own your own home?

I then go from there; reception is good even for people who still want to rent.
They don't get too many calls asking them to step up to buying...

Managing Prime

2801 Posts

Posted - 09/03/2008 : 11:41:40 AM

quote:
Originally posted by aspiring1

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????
I know I'm not Darkstar but I thought I'd throw my script in
from my prospecting to renters so far:

Hello (name) this is Jarvis with (company); the reason for my call is we are
contacting people in the local area who we show are renting and may be good candidates
for owning a home . Can I ask (name), looking into the future would you like to continue
renting or would you like to own your own home?

I then go from there; reception is good even for people who still want to rent.
They don't get too many calls asking them to step up to buying...

How many auths to pull credit do you avg. per hour?

darkstar

18087 Posts

Posted - 09/03/2008 : 12:06:43 PM

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????

"Hi, is this Mr Viloria?"

"yes?"

"well, YOU'VE WON A NEW HOME!"

"I DID!"

"yes, do you have a moment to see if you qualify for it?

raymondb

4131 Posts

Posted - 09/03/2008 : 1:08:57 PM

I hope your kidding!

quote:
Originally posted by darkstar

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????

"Hi, is this Mr Viloria?"

"yes?"

"well, YOU'VE WON A NEW HOME!"

"I DID!"

"yes, do you have a moment to see if you qualify for it?

aspiring1

1302 Posts

Posted - 09/03/2008 : 1:23:31 PM

quote:
Originally posted by raymondb

I hope your kidding!

quote:
Originally posted by darkstar

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????

"Hi, is this Mr Viloria?"

"yes?"

"well, YOU'VE WON A NEW HOME!"

"I DID!"

"yes, do you have a moment to see if you qualify for it?

LOL!

aspiring1

1302 Posts

Posted - 09/03/2008 : 1:25:55 PM

quote:
Originally posted by Managing Prime

quote:
Originally posted by aspiring1

quote:
Originally posted by Rene Viloria

quote:
Originally posted by darkstar

It's easy enough to find out the rent their paying also so you can at last target the right complex...No need to hit a section 8 group! lol

Darkstar what script would you use for renters?????
I know I'm not Darkstar but I thought I'd throw my script in
from my prospecting to renters so far:

Hello (name) this is Jarvis with (company); the reason for my call is we are
contacting people in the local area who we show are renting and may be good candidates
for owning a home . Can I ask (name), looking into the future would you like to continue
renting or would you like to own your own home?

I then go from there; reception is good even for people who still want to rent.
They don't get too many calls asking them to step up to buying...

How many auths to pull credit do you avg. per hour?

hmm..that's difficult to answer since I never pull credit on the first call unless they request it.
I just ask them about employment, income, credit score, debt, desired home price, current rent, down payment etc and follow up with them within 24 hours if there is a possible deal based on their goals.

I used Haines criss cross data which yielded not too desirable results though...

Rene Viloria

1826 Posts

Posted - 09/03/2008 : 4:17:34 PM

who is having success with renters?????????????ratios, money etc...

raymondb

4131 Posts

Posted - 09/05/2008 : 08:05:21 AM

Rene it is mostly a Realtor base that targets the renters for conversion to FTBs. You might want to ask that same question on a realtor forums. Just a thought

quote:
Originally posted by Rene Viloria

who is having success with renters?????????????ratios, money etc...

peter

4543 Posts

Posted - 09/05/2008 : 09:10:35 AM

Where I work as an in-house L/O is a Century 21 franchised
office where they provide renters' lists sorted out with
minimum 640 FICO. Depending on the calibre and diligence of
the realtors, farming is done haphazardly but realtors get
FTHBs from renters and prequalify them with me or other
in-house L/Os before taking them to see properties, i.e.
REOs, preforeclossures, normal listings, etc. Most realtors,
I hate to say this, are really not hard-driving and resourceful,
and only a few who are taking advantage of our data bases
can get prospects and turn them into effective homebuyers.

From my experience, it is advantageous for the L/O who
is pursuing the renters' market to work as a realtor and
a loan officer at the same time, so that he or she can have
absolute control over the course of the transaction, from
the initiation of contact until final funding and recording.
The other option is to work closely with an in-house realtor
as a cordial partnership between the L/O and the realtor so
that prospects can be effectively turned into buyers whose
purchase loans are funded and recorded effectively.

With the departure of many L/Os and also realtors from
our industry, now it is the time for the ambitious and
aggressive L/O to interview with solid national real estate
francise offices, i.e. Prudential, Century 21, Coldwell
Banker, Wildheimer, etc. in your area and seek the position
of an "in-house" loan officer to work with associate brokers
and realtors whom you will meet daily while retaining the
option to do refis and other loans outside the franchised office
as well.

The prospect data bases thru the MLS systems and thru the
franchise support can be the best ammunition for the L/O to
prospect effectively without having to pay for such data.

Peter

hockeyguy

255 Posts

Posted - 09/05/2008 : 4:47:59 PM

Peter - That how me and a realtor in my area are going about it. Using it as joint marketing to renters. I hope it works

Rene Viloria

1826 Posts

Posted - 09/06/2008 : 03:32:00 AM

quote:
Originally posted by peter

Where I work as an in-house L/O is a Century 21 franchised
office where they provide renters' lists sorted out with
minimum 640 FICO. Depending on the calibre and diligence of
the realtors, farming is done haphazardly but realtors get
FTHBs from renters and prequalify them with me or other
in-house L/Os before taking them to see properties, i.e.
REOs, preforeclossures, normal listings, etc. Most realtors,
I hate to say this, are really not hard-driving and resourceful,
and only a few who are taking advantage of our data bases
can get prospects and turn them into effective homebuyers.

From my experience, it is advantageous for the L/O who
is pursuing the renters' market to work as a realtor and
a loan officer at the same time, so that he or she can have
absolute control over the course of the transaction, from
the initiation of contact until final funding and recording.
The other option is to work closely with an in-house realtor
as a cordial partnership between the L/O and the realtor so
that prospects can be effectively turned into buyers whose
purchase loans are funded and recorded effectively.

With the departure of many L/Os and also realtors from
our industry, now it is the time for the ambitious and
aggressive L/O to interview with solid national real estate
francise offices, i.e. Prudential, Century 21, Coldwell
Banker, Wildheimer, etc. in your area and seek the position
of an "in-house" loan officer to work with associate brokers
and realtors whom you will meet daily while retaining the
option to do refis and other loans outside the franchised office
as well.

The prospect data bases thru the MLS systems and thru the
franchise support can be the best ammunition for the L/O to
prospect effectively without having to pay for such data.

Peter

K i am not planning to be an inhouse, l/o, i don't mind purchasing those leads where can i get them????????I got 2 Realtors, 1 lazy, and the other top producer send me what she can not do inside, which is usually garbage...So i am planning to do an extreme make over, on my lazy Realtor...

Rene Viloria

1826 Posts

Posted - 09/09/2008 : 5:22:03 PM

I talk to realtors that specializes in rentals, she told me if there is any way to find out the rentals that are about to expire, would be great to call those...Anyways is there is a way to find that out...Thanks!

hockeyguy

255 Posts

Posted - 09/09/2008 : 5:53:36 PM

Can you provie info on people renting from homes? Lets touch base on some rental information as me and the wife are looking to do some marketing through our company.

quote:
Originally posted by raymondb

Rick since stephen likes to mention me so much I will respond. He is right on this one though.....just as I provided you with great pricing on your ARM list I can also get you good pricing on renters list (Just a few pennies per name and it saves you time). WE can filter by minimum income, many geography filters such as city, or zip, county per haps. we can do callable or mailable and have the list back to you with in 24 - 48 hrs. let me know boss.

quote:
Originally posted by hockeyguy

Is there a way to get a list of people who rent/addresshout spending big bucks? Say you are going to do a mailing with a realtor for a house they have listed and you want to hit renters. Anyone have any advice. Thanks

raymondb

4131 Posts

Posted - 09/09/2008 : 6:24:40 PM

Yes, I can target by just homes by eliminating unit #s and apt #s. Like any other filter on the consumer file its not 100% but its still pretty good. Give me a call and I can help you filter the best possible list in any area you want. You know the number bud....

quote:
Originally posted by hockeyguy

Can you provie info on people renting from homes? Lets touch base on some rental information as me and the wife are looking to do some marketing through our company.

quote:
Originally posted by raymondb

Rick since stephen likes to mention me so much I will respond. He is right on this one though.....just as I provided you with great pricing on your ARM list I can also get you good pricing on renters list (Just a few pennies per name and it saves you time). WE can filter by minimum income, many geography filters such as city, or zip, county per haps. we can do callable or mailable and have the list back to you with in 24 - 48 hrs. let me know boss.

quote:
Originally posted by hockeyguy

Is there a way to get a list of people who rent/addresshout spending big bucks? Say you are going to do a mailing with a realtor for a house they have listed and you want to hit renters. Anyone have any advice. Thanks

darkstar

18087 Posts

Posted - 09/09/2008 : 10:05:12 PM

Most places can filter by type of residence and whether it's OO or NOO, that's the way to get that list...I'm sure Ray can for you, if not listsource.com infousa.com and melissadata.com can for sure...

hockeyguy

255 Posts

Posted - 09/10/2008 : 08:20:48 AM

Thanks guys.

PHELoanOfficer

90 Posts

Posted - 09/10/2008 : 11:18:24 PM

Are you guys scrubbing the numbers and then calling them or are you sending mailers out to them? I'm going to start compiling some renter lists in my area and what to know what to focus on to maximize my efforts. Thanks

raymondb

4131 Posts

Posted - 09/11/2008 : 07:11:22 AM

You can really do it either way. If you are located in TN like your signature sais then I would go callable IF you like to dial....If not mail will work...keep in mind that TN is not one of hte most satuurated states and the home prices are affordable. Graet tie to go after the purchase market there. Give me your target area by city, county, area code, or zip codes and I will run a count for you to see how many renters in your area make a decent income. That is the key!

Hockeyguy, I am sorry i missed you yesterday but I am available today when you are!

quote:
Originally posted by PHELoanOfficer

Are you guys scrubbing the numbers and then calling them or are you sending mailers out to them? I'm going to start compiling some renter lists in my area and what to know what to focus on to maximize my efforts. Thanks

PHELoanOfficer

90 Posts

Posted - 09/11/2008 : 07:38:24 AM

Raymond I appreciate the response brother. I picked up a couple of the big apartment finder magazines and I'll just do the reverse look up by street name (provided in the mags). One question though, some of the names that populate don't have apartment #s associated with them. Do you think those will get sorted out by last name if I mail them? I guess it might depend on the apartment complex. If you wouldn't mind running a count for TN (especially Robertson, Davidson, Williamson, Wilson, Rutherford, Shelby, Hamilton, Knox, Montgomery, Sumner, and Sullivan counties) I know it's a lot but hey, you asked for it. How much will this info cost me? I'm all for farming my own leads, I actually enjoy it. Let me know what you can do to help me out. Thanks!

Rene Viloria

1826 Posts

Posted - 09/11/2008 : 10:19:02 AM

Raymond thanks for taking the time... You are the man!

peter

4543 Posts

Posted - 09/11/2008 : 10:57:52 AM

I just got a renter's list from a title company and
it is sorted out by income, gender, and FICO scores.

I wonder how the title company can obtain information on
income, gender and credit scores. I am asking them to
sort out for me only those renters whose FICO is over 700
so that I can start farming them.

Anybody knows how and what the data base for this renter's
list is from? Is it from Data Quick and how they managed
to get the data on income, gender, and credit scores?

Thank you.

Peter

Rene Viloria

1826 Posts

Posted - 09/11/2008 : 11:25:16 AM

Peter let me know what you find out, i am curious as well?????

peter

4543 Posts

Posted - 09/11/2008 : 12:00:38 PM

I got this renter's list from Fidelity and I was told
that Fidelity also owns a Fidelity credit services provider.
Also, as a title company, they do have tremendous data
bases from many sources including from their own subsidiaries,
i.e. Fidelity tax service, Fidelity credit services, Fidelity
insurance services, etc. They must have integrated all the
data bases somehow into this renter's list which I understand
they do sell to other title companies as well.

You can check with your Fidelity title rep about their
renter's list sorted out by income, gender, and credit scores.
They compiled the list for me for 640 and up and within this
they can sort out further to 700 and above. And I will just
target the 700 and above renters with $70,000 and above incomes
so that prequalifying such renters for purchase loans would
be easier, assuming of course that their data is realiable.

I am trying this list for the first time and let's see what
the outcome will be.

Peter

raymondb

4131 Posts

Posted - 09/11/2008 : 12:12:57 PM

Thank bud Im here to help....

PHELoanOfficer I am running your count as we type.

quote:
Originally posted by Rene Viloria

Raymond thanks for taking the time... You are the man!

PHELoanOfficer

90 Posts

Posted - 09/15/2008 : 1:12:11 PM

Raymond I never received the counts from you. Did you try to send them to me? Just let me know whats up. Thanks again.

raymondb

4131 Posts

Posted - 09/15/2008 : 1:17:33 PM

Im pretty sure I ran that count and emailed you. Shoot me an email and we will get it all taken care of boss. Thanks!

quote:
Originally posted by PHELoanOfficer

Raymond I never received the counts from you. Did you try to send them to me? Just let me know whats up. Thanks again.

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