6 figure profit from a yellow letter

[Jon Klaus]

I began a wholesale buying campaign with the help (understatement) of Jerry Puckett early this year. We picked an Austin neighborhood and mailed to a list of 1100 high equity and non-resident owners. We sent 3 yellow letters and one post card. I have a few deals in the works, but am posting about one we closed on 3 weeks ago.

9400 SF lot purchased for in the $60sK range. Most lots in the area are closer to half this size. We plan to build two homes on it that sell for at least $250K each. Profit potential is substantial. So no, this deal isn't done and won't be until next year, but it looks very good. Thanks Jerry Puckett and to BiggerPockets for connecting us.