Deal funnel with Deal Machine App

[Gregory Schwartz]

To those of you that are using Deal Machine to find off-market deals, what are your response rates and conversion rates? If I want to close 6 deals a year many houses should I be mailing to in Deal Machine? 

Right now I plan on 1x "handwritten" letter followed by 9 postcards with 3 weeks between each all sent through Deal Machine. 

Thanks in advance

[Account Closed]

Originally posted by @Gregory Schwartz:

To those of you that are using Deal Machine to find off-market deals, what are your response rates and conversion rates? If I want to close 6 deals a year many houses should I be mailing to in Deal Machine? 

Right now I plan on 1x "handwritten" letter followed by 9 postcards with 3 weeks between each all sent through Deal Machine. 

Thanks in advance

College Station/Bryan will be hard to do any real volume just because of the size. If you add Houston, then you can hit pretty decent numbers. Real estate is a numbers game, especially in this market. You can send out 1,000 mailers and get no responses or you can send out 500 mailers and get 2 responses. It just depends on how good your list is. Out of 100 responses you might pick up a property or 2 over time, meaning it may take several mailers & conversations to an owner before they sell. Do not expect to buy from a seller after only one conversation, it can happen but it's rare. 

I've had times when I sent out 5,000 mailers and gotten no response. Then a year later someone calls who got my mailer, never called, but hung onto the mailer and called when the time was right for them. You have to be in this for the long haul to get anything accomplished.

Phone calls and door knocking are more immediate and produce much better results.