Tips on creating a good letter to potential sellers

[Dakota Mathis]

Hello everyone, I’m new to BP. So to get strait to the point. After stumbling onto the Bigger Pockets pod cast I’m on the search for a buy and hold investment property’s. Iv made a few offers on different duplex’s to no avail. After I view them I drive around the neighborhood looking for vacant property. So iv found a couple that are vacant and the owners don’t live there. I would like to send them letters. I don’t want to go the yellow letter approach but a little more personable. The houses are run down and need work so I’m thinking of doing a live in flip to either hold for rentals or sell to get some capital. So looking for tips that have been successful for other individuals. Also is it a good idea to mention seller financing as an option in an opening letter?

Thank you everyone for any and all tips

Sincerely

Dakota Mathis a want to be real-estate investor

[Braden C.]

@Dakota Mathis I would suggest skip tracing the owners and calling them before sending a letter. That's what we do and have a lot of success. The conversation is basically "hi, I was driving by your property on XX street and noticed it might be vacant. I am looking for a house in that area and wanted to see if it's something you would be interested in selling." I always say "might" be vacant, some people just don't take care of their properties and will get offended. 

If I can't find a good working phone number or get someone to take my calls, then I'll start sending letters. Good luck!