Marketing on $300 Best Practices (Phoenix,AZ)

[Eric Mukai]

Curious for those of you who've been marketing as a RE investor: if you had a $300 monthly marketing budget (as you can imagine, this number isn't arbitrary but realistic for my own life), how would you spend it? My initial idea is a split between Investor Carrot and a year-long direct mail campaign to select homeowners. Just wondering what you RE investors who are actually looking for leads think!

[Ray Lai]

@Eric Mukai

I think you will get biased responses to your questions because the folks that use DM (which is a greater majority) will swear by it, and the folks that go digital will opt for Investor Carrot. 

What I can say though, is with a $300 monthly marketing budget, as long as you're not in a super competitive market you can mail out a good sized list - 750 first class postcards a month full service in a scalable fashion as long as you put together your own list, and close a deal within the first 6 months (first 2 months if you're in a secondary market) and have a lot more funds to market with after you close your first deal via DM. If you want a DM game plan or scripts on talking to sellers or help with a campaign, let me know and I'm glad to help.