All Forum Posts by: Adam Perry

109 Marcom Dr Morrisville, NC

109 Marcom Drive Morrisville, NC

ASKING 699K

534 Bragg St Raleigh NC 27603

Updated and well-maintained rental unit with a long-term tenant in place on a month to month lease at 750/mo. 4 bd 1.5 ba 1350 sqft turn-key rental property. 

Most recent renovation was performed in 2013, new doors, cabinets, HVAC, fenced yard etc. Appraised for 115k after renovations. 

Asking: $90k

@Chris Martin Thanks. Those are some great websites!!

@Wayne Woodson 500, I know that's not much but I was hoping to get at least one deal out of it. 

@Matt Devincenzo Just two individual mailings. 

@Dev Horn Yeah, I was thinking about changing my yellow letter type to better explain what I'm looking to do and to better market to my mailing list. I think that will help with my scenario 1 problem. 

Thanks guys I appreciate the input. I think I may want to readjust my marketing strategy because right now I don't want to use the resources required in direct mail 'campaigning', 5-7 touches to the same mailing address isn't something I realistically want to do right now. Bandit signs and local ads here I come!!

@Bill G 

I'm marketing to absentee homeowners (off market properties) by zip code in hopes of finding distressed home owners. With the absentee list I'm looking to find home owners who are worn out landlords, vacant property owners, moved away for work, etc. I think the value I would be bringing, to the distressed home owner of course, would be debt relief, landlord stress relief, and monetary compensation. 

I'm a structural engineer so I've got a pretty good idea of what to look for rehab wise and I work in the residential construction industry now so I'm pretty confident in my estimating ability.

I agree, 2 campaigns is definitely a small sample size and I know direct mail is essentially playing the numbers, the more letters you send, the more calls, the more calls the more deals. 

I also agree that I should rethink my strategy, or at the very least expand my strategy. The more weapons I have in my repertoire the more successful I'll be. I see bandit signs and movie ads in my future. Thanks for your input, I will definitely take your advice going forward.