Distressed Properties

[Marilyn Mike]

Hi BP I'm wanting to know if there's any podcast, guides in regard to wholesaling distressed properties? Would you use letters as well to contact these owners? Would appreciate any feedback if you know or have done distressed properties. 

[Philip Pape]

Hi @Marilyn Mike, as a new investor here are some good resources I've come across:

BP's own podcast: https://www.biggerpockets.com/podcast

REtipster's guide: http://retipster.com/wholesaling-made-easy/

Also search BP forums for wholesaling, "yellow letters", "lead generation", and so on.

[Justin Howe]

The most efficient way to get in contact with sellers is by direct mail. You can choose to mail letters, postcards, zip letters, ect. Just get creative when you're marketing. Try different envelope colors and sizes, try postcards, try different messages.. Then track everything to see what returns the best response rate.

[Marilyn Mike]

Thanks @Philip Pape and @Justin Howe will do the reading and I've done mailers twice for absentee owners so will do for these. Appreciate your advice!