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Updated about 5 years ago on . Most recent reply
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Do You Think Direct Mail Is Dead????
I need your input do you think direct mail is dead
I ask this question being facetious, honestly it depends on the market. Look at this deal we closed with direct mail being a marketing source.
My initial conversation with the seller was 6 months earlier. I told the seller due to the condition they would be better off selling the property. Due to being transparent the seller called me 4 months after our initial conversation and stated although they will be taking a huge loss they just need to sell it and move on. The sellers husband was deceased and the house brought back bad memories.
Here are the numbers:
Purchase Price: $51,600
ARV: $185,000
Rehab: $0.00 yes $0.00
Sold: 2 Weeks on market for $142,000 as a wholetail deal.
Here's just a few pics
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I know a lot of people doing hundreds of deals a year with direct mail only. Consistency is the key. You have to be consistent in your mailing as well as the follow up. Even 6 months and beyond.