Stuck and looking for Ideas

[Ridge Rees]

Ive owned a duplex for about 2 years and for the past 6 months or so I have been searching for another deal. I live In Northern Utah which is getting to be a pretty expensive and competitive market. I house hack my current property and would mostly be looking to do that on the next one too. My problem is I cant seem to find any deals where the numbers make sense and anything that comes on the MLS (good deal or not) is under contracted the same day its listed. Has anyone ever had any luck with direct mail? Or have any other ideas as to finding good off-market deals? I'm not super knowledgeable in that area but would love to learn more. Thanks!

[Justin Reed]

What Braden said haha. 

I'm direct mail acquisition machine. I pull assessor data (with a direct link) of the type of properties in the areas I want and send ALL the property owners an offer. I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. I explain in my offer letter to sellers that I am a serious investor, not and agent/broker, I pay cash, and are prepared to close as soon as x days.

Then I sit back and wait for the motivated sellers to call us. You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for. Believe me - it works like a charm. That is how I GET THERE FIRST. By the time a deal reaches the MLS or a lead source, someone else has already beat you to it. Also, knocking on doors (aka "driving for dollars") is an outdated way of doing this and honestly isn't worth your time. It's no longer about possible subject to leads - we now have DATA and computers and direct mail to get there first. Please feel free to reach out to me if you have any additional questions - I would love to help!