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Updated over 13 years ago on . Most recent reply
Bad responses.. yellow letter absentee owners
ok guys had about 5-6 that called and said take me off your list and accused me of stalking I had about a 10% response rate but most are negative. I did the absentee owners wit 70- 100% equity so far and my letter is handwritten and reads
Dear ____
Hi!
My name is John and I would like to
$BUY$
your house at _____
Please call me at
-------
Thanks
John
How is your success with absentee owners with 70-100% out of state owners..? what letter should i use?
Most Popular Reply
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I think you have to consider the necessary impressions before you get some to act on your mailer. There's a reason why beer commercials run all the time and not just once. The negative responses are a fact of the business. I have been told to do certain things to myself (especially when they see my offer) and that's fine. Also, along the lines of what Aaroon said you need to cater to their needs. Maybe tenants, toilets, and taxes keep them up at night and you can make those go away? Do you pay the closing costs? Do you buy it 'as-is'? Are you all cash? Can you close quickly? Can you deal with their current tenants under a lease? Aaron touched on the credibility front which I think is huge. I explain that I have purchased multiple investment properties and my clients prefer cash rather than the burden of property ownership. I also note my real estate business name. Reinforce/repeat the call to action. I also leave an email as some are gun shy about picking up the phone especially if a long distance number.