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Updated almost 9 years ago on . Most recent reply

User Stats

201
Posts
95
Votes
Ryder Meehan
  • Investor
  • San Francisco, CA
95
Votes |
201
Posts

Ever talk to direct mail cash buyers that want your property?

Ryder Meehan
  • Investor
  • San Francisco, CA
Posted

I have received a direct mailer about my multifamily properties at a rate of about 1 every 2 months but recently it's been more like 1 per week.  I'm guessing since I'm an out of state owner in San Francisco with properties in upward trending Dallas and St Petersburg markets that I have a big target on my name within their list source search.

Since I'm cashflowing well I'm not planning to sell any time soon but even if I was I would put my properties on the MLS for all buyers to compete over so I could get the best offer. Today I got one that actually got my attention - to paraphrase it read something like this

"I know you get these letters all the time and also know you think I am going to give you a low-ball offer. I do know the Dallas multifamily market is strong and I plan to make you an offer that is competitive"

Wow, this is getting interesting!  She gets me!

Any way, I'm just wondering if anyone other investors with a strong performing property ever check in with these guys to see if they are really worth talking to when you aren't a desperate, motivated seller just looking for an easy exit.

  • Ryder Meehan
  • Most Popular Reply

    User Stats

    201
    Posts
    95
    Votes
    Ryder Meehan
    • Investor
    • San Francisco, CA
    95
    Votes |
    201
    Posts
    Ryder Meehan
    • Investor
    • San Francisco, CA
    Replied

    @Ned Carey Funny, why would they go to the trouble and expense to mail you a letter if they wouldn't even bother to answer your call? smh - maybe if you leave a voicemail to the effect of "*sniffle* please make this mortgage nightmare end - I just want out"

  • Ryder Meehan
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