I'm a flipper.... looking for efficient way to send direct mail

[Michael Miele]

Our company typically flips one property at a time. We try to get 4 done per year. We have set our goal to be flipping 6-8 homes per year over the next 3 years while also holding properties as rentals. The problem we're running into is finding the deals. Every investor is on MLS looking for potential deals and that is driving the prices up to we're its not a deal for us. I drive for $$$ all the time. I send letters to distressed properties, but my problem is I don't consistently send multiple letters to the same house. I usually send one and done. I listened to a podcast on BP a few weeks ago and they were talking about direct mailers. They mentioned how their company sends out thousands of mailers every month. With that said our company has taken that advice and decided thats what we're going to do.

Our plan is to print up a letter and mail it once a month for 6 months to each home in our area that meets our criteria. I looked through MLS public record and found 2,500 homes that work for us.

My question is, What is the cheapest way to send 2,500 letters per month. 

1. Print each letter, address label and return address label on my printer, stuff and label each envelope and place a .47 cents stamp on each. This includes buying all the envelopes, labels and paper for letters.

2. Buy a bulk mailer stamp from the post office which is a one time cost of approx. $400. This will make each stamp about .23 cents. Then do all of the line 1.

3. Have a print company print everything and all I do is stuff envelopes and stamp.

4. Find a company to do everything for me.

I don't have an issue with doing everything myself, I'm just looking for the most cost efficient way to go about doing it. 

Thank you in advance,

Mike