Stop with the yellow letters

[Dean H.]

Sometimes I have trouble understanding the whole yellow letter strategy. I own a nice portfolio of " B-C " class SFR homes that we have rehabbed to rent long term. Today's mail contained 2 " postcards / yellow letters " and for the week I think i'm nearing 30 wanting to buy my homes. Today's best had the " how much longer till I hear from you " " thanks for keeping this private " " I've recorded a brief message" " I've done all I can to reach you" BS. I confess I have driven areas I invest in and mailed personal letters to owners of properties that obviously are not productive assets. But my gripe is with the " property you recently purchased " am I wrong to assume if I recently purchased it that I might want to keep it, you know, maybe the reason I " recently purchased it " is because it fit in my strategy. Do that many people change there mind in a couple months about an investment that they want to dump it ? I used to respond " what do you have to sell " but most of them have just marked up stuff I can find on my own......end of rant

[Doug Pretorius]

@Dean H. THERE YOU ARE! I've been trying to reach you regarding one of your properties... ;)

Seems like a sign of another market peak, everybody and their grandma is trying to buy, buy, buy. Which means you probably should be selling so you can buy those houses back later for half the price.