Wholesaling and Yellow Letter Tactics

[Brady Williams]

Hi,

So I recently completed my first wholesale deal and am starting my first yellow letter campaign. I work in a small college town (Mount Pleasant MI) and am looking at wholesaling multifamily rentals. 

I am looking for advice once I send the yellow letters. I am sending about 70 on my first blast. For people who have done this, what is the best way to lead the conversation if someone calls you? Obviously you aren’t going to know much about their property when they call, yet alone the address. I figured that they are going to ask how much I am willing to buy the house for, in which the best response I have learned is, “I would never make an offer on a house without doing a proper valuation and seeing the house in person” something along those lines. 

Also, since I am only sending 70 letters I have been hand writing these and mailing them myself. It would have cost me about 150 to do it on yellow letters, so I am measuring my costs including materials, labor time, and a time factor. I am a full time student and also playing baseball so it’s not like I am missing out on other work. 

Other wholesaling tips greatly appreciated, I have already been cut out of one deal and attempted to be cut out of another. I feel like I need to gain the trust of some of these investors before I start bringing them deals. Suggestions? 

Cheers 

Brady