Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

16
Posts
10
Votes
Abu Kemahj
  • Atlantic City, NJ
10
Votes |
16
Posts

Direct mail so far so good

Abu Kemahj
  • Atlantic City, NJ
Posted

Sent out 450 pieces to AO 3/23 so far received 12 calls. In 2weeks I will give final stats & letter I used to generate calls. In the meanwhile I need some guidance BP FAMILY!

I received a phone call from my direct mail campaign & the home owner is super motivated. The seller's motivation is so extreme that he doesn't want to make anything out of the deal, his only desire is to worry less about the property. He mentioned he would settle for mortgage balance

It is a 2bed 1bath colonial style house

Paid $75k with 20% down back in 2007

It has a mortgage balance of $49k

According to seller the house needs cosmetic fixes (paint, refinish hardwoods). The kitchen, bathroom & windows were updated back in 2007 when first purchased.

Rented for $900

I know this sounds simple but I looked up comps & similar style homes sold on average for $30k. Is there a way I can make this a win-win. Thanks in advance for any feedback.