Probate or Foreclosure marketing rn?

[Jason Sinclair]

¡Hola amigos!

My business partner and I pretty successfully BRRRed our property and as the dust on the refi. settles and we look at our marketing budget we are debating whether to put a letter campaign out for probate or for general foreclosures. 

Before COVID we had the idea that we like the idea of the probate niche and I do see us there in the long run so it would make sense to have that be our bread and butter deal flow from the get go and expand from there but what do the pros think about the idea that 3 million Americans are seeking mortgage forebearance as a sign that the barrier to entry in foreclosures being lowered in the next year or so?

We would probably include foreclosure and other monetarily distressed sellers in our deal flow in the future but we want to make sure we have our systems and do well at one to start. At least that seems to be the prevailing wisdom. 

Thanks for reading, happy Thanksgiving if you celebrated it and thanks ahead of time for any musings... 

Happy Investing, 

Jessi and Jason