West Palm Beach Florida Area / Marketing ?s Introduction

[Manny Alvarez]

Hello Everyone My Name Is Manny A This is Day One On Bigger Pockets and maybe my second week of my real estate investing career. I'm Originally from NY I Live in South Florida Now. I've been Obsessing my self with all REI information For the past 3-4 weeks indepth ,been interested for about 4-5 years waiting for the right moment to move forward . I'm Aiming for Real Estate Wholesaling then eventually aim for steady cash flow with rentals and continue wholesaling as well. my main goal is to progress financially and Grow. I'd like to build an extensive portfolio by 30. I've come here today looking for help with a Postcard Mailer to deal ratio I've setup a simple " I Want to Buy Your House Cash " Postcard I haven't purchased it yet awaiting second opinions (from anyone who is willing )regarding amount and overall success with the specific design I've chosen. So I've read the average amount of mailers that need to be sent out to eventually funnel a deal Is in the range of 1.5K -3K mailers a month to squeeze out 1-3 deals if your lucky In anyone's opinion dealing with the upper south Florida area would 1.5-2K mailers be enough to generate enough phone calls Using a Pre foreclosure Default List off list source to generate at least 10-15 phone calls hopefully leading to at least one deal Before months end ish I have a limited budget and I'd like to play whichever marketing technique would generate the best chances of closing my first deal. So my main question is -How Many Mailers Minimum would be enough to generate a deal with a pre Foreclosure lead list. I'm sure more questions will arise but I'll cross that bridge when I get there. Pleasure being a part of the bigger pockets community and thank you for any responses or help in advance.

[Donavon Davies]

Welcome to BP@Manny Alvarez! Have you been able to read the Direct Mail book BiggerPockets had online? Check it out at biggerpockets.com/directmail

I suggest that you take a listen to the content on the BP podcast too. There are quite a few different strategies to go about it. From what I have been hearing, its "consistency" that really boosts your chances. A one shot mailer may get you lucky, but from what the real pros say it takes consistent mailing and refining of the lists.