Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago on . Most recent reply

66 Letters Out Today.
Today i sent out 66 letters of Intent and hopefully things will start to kick off. I targeted Absentee Owners, Run Down investment properties, Or long time home owners who's home needs serious work.
What do you guys think will happen? 1 response? 2? 50? =P :lol:
Most Popular Reply

My first mailer I sent about 85 computer generated letters out to boarded up home owners. About 15 were returned to sender and about 10-12 calls were generated over the next 3 months. One of which led to my first wholesale deal. The owner originally wanted 75K, I said call me back if anything changes... she called 2.5 months later and said she wanted 20K but it was negotiable. I signed a contract on it the next day for 16K and sold it for 20K about 10 days later.
I hand wrote the addresses on the envelope, changed the Dear XXX and specific address to fit the homeowner and printed them on 100lbs stock white paper. I hand signed each one. I also added this line at the end - PS. Even if you aren't interested in selling, I would love to hear from you!
I don't know if it helped but I wanted every person to feel like I wanted to talk to them - which is true.
Hope this helps and best of luck!
-Andrew