Yellow Letter Question......

[Christopher Frey]

Hello Everyone!

New to the forum here. I have a couple rental properties I bought the traditional way, however I have decided to be more pro active and try to find motivated sellers mailing yellow letters to properties I have located driving for dollars. I spent some time tracking down the owners at the courthouse from the records, and am ready to send some letters out. My question is if it is worth sending letters out to other companies like " ABC Properties LLC, or ABC Asstets etc". I plan on sending several rounds of letters and was just curious if I should scrub companies out of my list or if it is still worth pursuing these properties. My list is mainly comprised of abandoned and distressed looking properties. Thanks for any and all help!

Best Regards - Christopher

[Jerry Puckett]

Originally posted by @Patrick Daniel:

I would remove them. The LLCs are less likely to be willing to make the deal at a decent price even if they are willing to sell.  But that is just personal opinion. 

With Single family, most folks exclude the Corps all together even though there are a ton of folks out there like you and me who simply hold their portfolios in an LLC. While I think they are worthwhile, but would rank them behind both Absentee and Owner Occs with proper first and last names.

I do not mail to Bank Owned, Government, Church....basically anything institutional, but I do mail LLCs. As mentioned, most of the time they are ordinary folks, no office, no gatekeeper.....they read their own mail and buy and sell as much as anyone else.......and they get very little mail because the common wisdom is to skip them. Just sayin'