Help with Direct Mail Marketing Campaign

[Chad Kastel]

Hello Bigger Pockets,

My wife (and I) have started wholesaling and flipping, we've put three properties under contract in the first month. We wholesaled one, may wholesale the second, and will likely flip the third. We found these properties on the MLS but want to find better deal flow. We going to use a direct mail campaign such as "yellowletterscomplete.com." We are looking in to mailing people directly who are in "pre-foreclosure" and probate, but next to that are struggling where we can set up deal flow. Our experience so far has been that other wholesalers are not good at comping properties and their lists have been way too tight.

Any info on articles, podcasts, or general points would be greatly appreciated.

[May Emery]

@Chad Kastel Think about working with a list broker. They can put together some new Motivated Seller lists that aren't getting mailed to by every other investor. These can include Owner with Low Financial Stability and Seniors with Long-Time Ownership.

Good thing with groups like this is that they have probably deferred maintenance and definitely haven't updated in a while. This means that they won't expect as much for the property and you have the room to put your mark on the property.