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Updated over 4 years ago,
Started direct mail marketing for personal portfolio - input?
Hi everyone!
Pretty new investor here trying to make things happen. I bought a fixer-upper here in Hazel Park, Michigan (Detroit Metro) in February 2020 and did a top to bottom cosmetic rehab myself (first place I own myself after having rented places for 10 years). I bought it for 120k, put about 5k into it (and a lot of my own time), but it should be worth about 140-150k now. Definitely not a home-run but I was under buying pressure since my lease ran out and I was done renting. Should also make a decent rental later on and cash flow at least 100-200$.
During this time I saved up enough money for a sizable down-payment on my next investment and maybe even a full cash purchase if the next place is <70k - so I'm ready to buy more!
I set up my very first own website and had 1500 postcards printed. Me and my girlfriend are currently driving for dollars in the surrounding areas of Oak Park and Warren, since these seem to be the closest areas where one can actually find deals close to the 2% rule and anything on the MLS is sold to an all cash buyer within 5 minutes it seems... Last Thursday I sent out the first 35 cards. My plan is to BRRRR my way to financial independence in the next 3-5 years, first single family - later multi-family. Currently I am slaving away as an engineer for a supplier in the automotive industry.
Since I do not have much experience with direct mail I wanted to turn to the Forums for any honest feedback and tips. I attached a picture of my first card design. After I find the owner of distressed looking properties I currently hand-write on the back that I am interested in their property on "123 Main in Oak Park" or other properties in their portfolio if they would like to get rid of them.
What do you guys think? Also feel free to check out my website at www.DW-Investing.com (first video I ever made, also not a native English speaker, moved to the US in 2016, so there is definitely room for improvement).
Let me know if you have any input for me.
Thank you, you guys and gals are awesome. Biggerpockets has taught me so much since I stumbled across the Website last year.
All the best,
Daniel