Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 9 years ago on . Most recent reply

User Stats

45
Posts
7
Votes
Marcel Pean
  • District of Columbia, WA
7
Votes |
45
Posts

Direct Mail advice?

Marcel Pean
  • District of Columbia, WA
Posted

Hi BP,

I am a new real estate investor and am currently focusing on wholesaling single family homes in DC. As of now, my budget allows me to mail out 300 postcards from a high equity absentee owner's list. I've done this 2x so far and have had little to no response even after cold calling the people on the list. 

I am considering increasing that number to 600. I know that wholesaling is about volume and finding people who are motivated to sell. My question is, is it recommended to stick with the list I am currently using or would I have a better success rate if I switched to a probate or tax sales list? I would be doing this 1x/month, so therefore I need to be efficient with my $.

Thanks in advance for any feedback!

-M

Most Popular Reply

User Stats

60
Posts
10
Votes
Rhonda Shrum
  • Investor
  • Saint Charles, MO
10
Votes |
60
Posts
Rhonda Shrum
  • Investor
  • Saint Charles, MO
Replied

Hi Marcel! I am no expert but I am doing the exact same thing as you, and I will tell you I plan to stick with the same absentee list. I am a marketer, and you have to hit people many, many times to get them to bite. I had lunch with another investor the other day and he told me look, if YOU are mailing to them, someone else is mailing to them, too, it just matters whose card they pick up in that emotional moment when they chose to make the call. I think the magic number has been said to say 7. Now, obviously I'm an optimist and hope to hit way before that (ahahaa) but don't switch around. Stick with your plan!

Loading replies...