Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago, 05/08/2017

User Stats

376
Posts
114
Votes
Matthew B.
  • Investor
  • Howey in the Hills, FL
114
Votes |
376
Posts

Owner Occupied instead of Absentee Owners?

Matthew B.
  • Investor
  • Howey in the Hills, FL
Posted

Today I was thinking about my direct mail results for the past 9 months:

14,000 pieces mailed = 1 deal

I've been mailing to absentee owners. They seem to fall into one of several categories.

(1) Snowbirds (because I'm in Florida) - they have no interest in selling, although they always respond and ask how much I would give them. 

(2) Other investors - they do not want to sell unless they can get twice what they paid and would rather hold the house and collect rent.

(3) Lunatics.

I rarely ever come across a house that is run down. They all seem to be in very good shape. Everyone also tells me they routinely receive direct mail from dozens of other investors.

So I'm thinking, why not mail to owner occupied properties? It seems like it would be worth a try. I know every area is different, and in my area the absentee owner pool seems to be suboptimal. 

Any thoughts?

Loading replies...