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Updated about 8 years ago,
My first postcard mailing
Hi BP community,
I am just getting my feet wet with Real Estate investing. So I went ahead and mailed my first postcard mailing last week in Los Angeles. I mailed 441 cards to absentee owners and so far I have received 6 calls. The calls are good but none of the sellers seem to be motivated. They are all asking for retail prices sometimes more. They want to see my offer before making an appointment to see the house. I am guessing this is normal because they want to see how motivated I am ? So do I throw in a high price then drop it after inspection? I am thinking this is the only way.
Second question... is this normal to have this many calls from unmotivated sellers? Am I targeting a bad area? Is it a bad lead list? I am also wondering if these people are getting swamped with mailers/calls and are calling everyone back?
I am not really trying to wholesale unless the opportunity is there. I am looking more for flips.