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Updated about 3 years ago on . Most recent reply

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Nicole Tuffarelli
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Direct mailing Question

Nicole Tuffarelli
Posted

Hello! 
I am newbie to the BP forum. I have one LTR property in NY and I am looking to purchase an out of state STR condo down south by the beach. My husband and I have gone down, searched a location and shopped around with a realtor and Narrowed our search down to one complex we would like to buy in. Any building of the complex will do. We have put in a few offers but we get out bid.

Id like to try Direct mailing to unit owners of my interest in buying a unit hoping I might find an interested unit owner that just hasn't gone to market. Can anyone suggest how to get a postcard made and direct mailed & more importantly What to write on the postcard???  If they are absentee owners does their mail get forwarded I'm assuming?   

Any suggestions greatly appreciated! 

Nicole T.

Long Island

  • Nicole Tuffarelli
  • Most Popular Reply

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    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    2,586
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    Kerry Baird
    • Rental Property Investor
    • Melbourne, FL
    Replied

    @Nicole Tuffarelli, I have gotten a number of houses from direct mail.  That enables me to find off market deals.

    My two short term rentals are funded by the sellers.  They each were tired landlords and I wrote in my letter that I would give them a lump sum, and make monthly payment to them directly.  I pay one of them by check and the other wants a wire transfer.  I pay both of the 6% interest only. We closed one of them with a title company and the other through the seller's lawyer, at his request. 

    Look at the county records like mentioned above.  Handwrite the letters for most impact.

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