Yellow Letter / Postcard Template with $ Offer

[Stephen Stokes]

Does anyone send "yellow letters" with an actual offer figure? Recently watched a podcast where discussion came up around intriguing strategy to send an actual figure "I will buy your house for $xxx". Theme was that people would tend to respond more to this wanting to know how the number was derived at minimum. I am looking to send out my first round of mailers and seeking any templates or experience that folks are willing to share. I am planning to target a small list as I do not want to be involved with multiple transactions at this stage and really do not want to wholesale any properties; I am a buy and hold investor. 

[Braden Smith]

That sounds like a recipe for disaster in my opinion. How you can mail someone a blind offer without knowing anything about the house? 

You'd either have to send a really low offer assuming a full gut renovation/worse case scenario which seems like it would just scare people off, or you'd have to send an offer that was high enough to generate some interest and then most likely work it down later after you get info on repairs/renovations needed which is just a dishonest bait and switch type tactic. Either way it sounds like a bad idea to me...