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Updated about 7 years ago,
Driving for Dollars/Direct Mail Campaign Questions
So i am looking to buy my first property within the next 6 months and have a few questions related to the DFD strategy.
First, I am looking to purchase a buy and hold investment property that will cash flow after all expenses. Does it make sense to utilize this approach and send out mailing campaigns for just 1 property?
Second, say a motivated seller calls me up after a mailing campaign and we agree on a selling price. Am I still able to finance this deal with a downpayment and a traditional 30 year fixed loan?
Third, is it still possible to get inspection contingencies when landing an off market deal through a direct mail campaign with a seller? Again everything I've looked at related to direct mail is "we buy all cash, as is etc".
The reason i'm asking these questions is because after researching direct mailing campaigns, it looks like most people are offering to buy the house in cash as is and it seems like that would put me at a massive disadvantage since I would like to have an inspection before buying and I don't have the cash to buy it outright.