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Updated about 8 years ago on . Most recent reply

User Stats

187
Posts
41
Votes
Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
41
Votes |
187
Posts

Using Direct Mail to buy your 1st multi FHA - Right idea?

Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
Posted

Hi BP,

I have a question:

I'm considering starting a direct mail campaign in order to find my first duplex. I've found that the MLS is far too slow for how much action I need to take now. Is it smart to send out mailings to potential sellers if your intention is NOT to wholesale the property? Is this even a thing? If so, I would plan on sending out about 300-600 mailings per month to targeted neighborhoods and hoping someone would be willing to sell their house. I would not necessarily be planning on rehabbing it, just a house hack and continuing on my investing journey.

P.S., from the threads I have seen here, I'm not entirely sure how I would type up a direct mail letter if I'm not coming off as a wholesaler. Any advice?

Thanks,

Most Popular Reply

User Stats

149
Posts
49
Votes
Jessica A. Smith
  • Real Estate Investor
  • Lake Jackson, TX
49
Votes |
149
Posts
Jessica A. Smith
  • Real Estate Investor
  • Lake Jackson, TX
Replied

@Craig Moore First off I'm a wholesaler, but I do believe your marketing could be effective. I would also add since you would house hack this property to keep an eye out  for rent signs you see posted. Give those landlords a phone call to gauge their interest in selling, and continue to follow up. You never know when someone's circumstances may change that will put them in a position to want to sell.

Good Luck!

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