After 7 months of direct mail... finally closed a deal!

[James Perdomo]

Investment Info:

Single-family residence fix & flip investment in Allentown.

Purchase price: $100,000
Cash invested: $3,000

Contributors:
Eury Vargas

Mailing consistently for 7 months until we came across an executor of a will who was getting rid of his parents home. We raised all the money to purchase and only came out of pocket for closing charges.

What made you interested in investing in this type of deal?

Meat on the bone

How did you find this deal and how did you negotiate it?

Direct mail marketing. In person negotiating.

How did you finance this deal?

Raised 50K from a private lender and 50k from hard money

How did you add value to the deal?

Updating entire house, fresh paint, flooring, adding half bath, finishing basement.

[Sharon Vornholt]

Congrats!  Hanging in there and mailing consistently is the secret. Statistically about 81% of your deals will come at or beyond your 5th mailing. Most people quit mailing at or before the 3rd mailing. You want to be the “last man standing”. @James Perdoma.