Direct Mail for Multifamily Buy & Hold

[Jay Newman]

I'm looking at starting a direct mail campaign that would aim at absentee owners who own small multifamily properties in the Northwest Arkansas area so I can acquire a solid buy and hold property or two. The first place I pick up I would house hack and I might be able to swing one other rental. I made a post because I haven't been able to find anything on the forums about direct mailing for picking up buy and hold real estate, which I thought was strange. Are there any issues that I might run into when direct mailing when I can't necessarily close fast with cash or assign a contract to someone else who can? Obviously, I wouldn't advertise that I can do these things. I will need to get a loan for my house hacking endeavor. I just wanted to get some feedback on this strategy and why (seemingly) so few people are using it to acquire rentals.

Thanks!