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Updated about 7 years ago,
What are your driving for dollars ratios?
I drove around my market area today and collected 50 addresses of houses that appear to be distressed or abandoned. My plan is to look up the names of the owners on county records and cold call them to see if they want to sell their house. I am looking to buy the house at a discount fix it up and rent it out so not interested in wholesaling.
I am a sales guy and I understand that this is a numbers game. My question is what are your typical close ratios for cold calling vacant houses. For example if I have 50 leads 20 of them wont have phone numbers. Out of remaining 30 leads 25 of the owners will tell me to kick rocks. 5 leads will result in 5 appointments made and 5 offers made. Out of those 5 I will get 1 accept my offer. Obviously these are hypothetical numbers. For all you BPers out there what is your close ratio? Do I need to get more addresses for my sales funnel?