All Forum Posts by: Account Closed

That is troubling.

 How many of these letters did you mail out?

The 12th contact? Would you happen to have any details on the source of the information?

Based on some of the threads on here, it seems like quite a few of those who have tried some sort of direct mailing feel like they either shot an 'air ball' or totally missed something.

I would like to know what sort of response rate most of you are getting and the nature and source of the list.

It seems the absentee owner list tend to have the worst response rate or has that been your experience? 

How many deals are you getting per mailings and how many calls are you getting from the same effort? 

If you are able to quantify any experience you have had with a direct mailing effort that would be great!

 I think I have read on here of someone mailing 3000+ letters and getting 1 or 2 deals from that; so comparatively, getting a deal from 200 seems way better although still somewhat troublesome a deal conversion rate.

Sorry to hear... if you have a list of everything that need to be repaired in a particular building, there isn't much else to make things complicated. The more accurate the numbers you get for materials and labor the better.

Most of the listing service websites often may track data pertaining to buying and selling patterns and from that suggest when they feel is best to sell or buy. Don't be surprised if you find that different sources may suggest different months based on whatever data they are utilizing. 

There is a market for both... really depends on the local market and the property in question. There are investors that either specialize in a particular niche or deal in both.

It sounds like networking with GCs may be the best route.

What is the 'average days on market' for similar properties in the same zip code or area? A realtor or someone with local access to the MLS should be able to give you this information.

For the county where you are located (if the property is there), it seems to be in the 40+ day range based on what data source you utilize. So if you have just listed the property for 2 weeks, that technically shouldn't be cause for panic based on what the market average is. 

The problem seems to be the delays with the rehab which you say took some 6+ months. Contractors can often be a thorn if not managed properly and kept focused on the project. 

You may be preyed on if you get too desparate but with a 'hard money' loan accruing interest, the panic is understood. Some sort of numbers though may help assess your condition.