Marketing advice/ yellow letter mailings

[Peyton Lawler]

Hello, I am new to wholesaling and have a few questions I was hoping someone could help me with.

I've been marketing to sellers via Craigslist ads, bandit signs, and yellow letters. Craigslist ads seem to be a waste of my time unless another wholesaler is trying to co-wholesale a deal with me. As for bandit signs the money I've spent vs. seller calls doesn't seem worth it. However I have sent out only 200 yellow letters and have had 20 responses (pretty good I thought) however All of which are realtors representing the people I mailed or angry home owners asking me to take them off my mailing list. I got the list off reww.com they're all residential 50+ years old and have good equity. Should I keep mailing out yellow letters to the same list until I finally get a motivated seller to call or should I try targeting expired mls or some other type of list as I've been hand writing these letters and want to make my time spent most effective. Also should stick to just mailing and spend all my marketing money on that or still buy bandit signs?

Thank you in advance, Peyton L.