Preforclosure conversion rates

[Sean Gibson]

Hello BP community,

I'm going to start marketing to preforclosure by door knocking. I was curious for those that have tried this method what the success rate looks like (for every x houses brings y deals on average). I will be tracking my campaign and find it motivating to see the results of others.  Thank you in advance  

[Alex Hamilton]

Foreclosures are drying up a bit in our market area.  Most have no equity and are a waste of time. But, its a numbers game.  Our organization sent our 25 mailers a week, knocked on five of the doors we sent mail to per day and seldom got a deal.  Its hard regardless of what the real estate guru will tell you to sell his Books with Hype about getting rich like he is by selling the Books and other fees for information....Yes and most don't sell, buy or rent any real estate