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Updated almost 5 years ago on . Most recent reply

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Who is pausing their off-market direct mail system right now?

Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Posted

I still think now is the best time to keep mailing, especially if you've been at it a while, but it's hard to look at the monthly fees for it to go out if the chance of returns and closings are limited. I think we will have access to many more deals, but they may have to be long plays to close later. I keep going back and forth on whether or not to just hit pause on my mailings and let all the postcards they've received for months marinate now while I reduce my monthly spend.

What is everyone else doing if they have substantial assets committed to direct mail marketing each month?

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Zen and the Art of Real Estate Investing
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
boy thats a tough one..  one school of thought is that folks are home and actually might read your mail.

but then you know there is a buying selling temp and you need to strike while the iron is hot.

not sure how you handle your leads but those i know in the industry they get a lead and they are at their house within hours.

so this might be tough for the next 30 to 45 days..

For me personally if your going for burnt out landlord syndrome props or out of area landlords timing could be pretty good

if they have a rocky road next few weeks/months this could just be the straw that broke the HEY these rentals are not all that great thought process and they decide to sell..

Homeowners will get a lot of help with their mortgages thats a given.. but you still have inherited etc.. so i have to think there are going to be a few more motivated folks than normal its just how do you get to them.  Phone FAX docusign buy sight unseen ???

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JLH Capital Partners

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