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Updated over 6 years ago,
My first direct mail experience
Hello BP community,
While driving around my area, I came across a 3 bed 2 bath house with the ideal characteristics of a home to target with direct mail: overgrown grass, stained vinyl, crinkled blinds in the windows, etc. This is one of the most expensive parts of town so I was thinking this could potentially be a very profitable flip even though it is not currently listed for sale. Therefore, I was hoping I could receive some guidance from the BP community on the specific how-to's of direct mail. This is the only house I would be sending direct mail to, so the time, money, and effort in writing a letter is not something I'm worried about.
I'd love to hear your thoughts on what kind of mail typically works best (typed letter, handwritten yellow letter, postcard, etc.), how can I quantify the amount of repairs the house is going to require (I have an idea of the ARV by looking at comps in the area, but I wouldn't know what to offer because I haven't seen the inside of the house and don't know the repairs required), and any other advice that you may have. I thank you all in your advance for your help; I truly appreciate all input!
Thank you,
Tyler