Most Absentee owners in Brooklyn NYC are Investors

[Ricardo S.]

I sent my first mailing lists out on July 10th with 700 mailings to absentee owners in Brooklyn NYC with residences other than their primary with 90% LTV. Come to my surprise the vast majority are investors doing the buy and hold strategy. I targeted Canarsie and East Flatbush. The other few who weren't only wanted to sell me 1-2 bdrm condos with ridiculous HOA fees . I spent around $800 on this campaign and i'm pissed lol. Well this will be a learning experience.

btw I converted those absentee investors into a potential buyers list so it wasn't all bad.

[Nathan Paisley]

All very good responses. I would like to add put ALL of them in a campaign and hit them 4-7 more times with different types of mailing i.e yellow postcard, white letter, yellow letter...

They more than likely have received letters/postcards before, but if they see a stack of YOUR mailings compared to a few random mailers from people that gave up after one hit then the odds of them calling you are STACKED in your favor :)