All Forum Posts by: Ethan Summers

@Atwan Kwan not sure about a great brick and mortar shop in florida but ive had great experiences with yellowletters.com 

@Sharon Tippett My advice is connect with someone that is doing great things in your area and see if you can offer your services whether it be cold calling for them managing their CRM, helping them with their direct mail, posting for them via social media etc. You'll begin to gain an incredible amount of knowledge and maybe able to help them find a deal. Which in turn will lead to them hopefully paying you nice little fees along the way. 

@Aaron Mikottis Ive seen this marketing tactic used for people in pre-foreclosure  or mortgage late leads! 

I have not used this DM strategy because much like @Adrien C. stated its much more cost effective to send post cards and yellow letters. Companies that provide direct mail services have great templates you can try out! Check out yellowletters.com I have had great success with them and the staff is extremely helpful. 

@Chris H.

-What steps did you first take to make the jump?

Deciding that i was going be successful and just need to send out marketing! I sent out 1000 yellow letters and even did door knocking/cold calling to get my first few deals.

-What type of property was it?

It was an investment property that an out of state owner no longer wanted and had to get rid of. 

-Did you flip it? wholesale? buy and hold?

attempted to fix it up due to lack of experience and know how I just wholesaled the deal to an associate of mine. 

-Were you able to do it using someone else's money, or did you have to save for years to jump into that first property?

I used a little bit of my own cash to put the deal in escrow then assigned the contract and got my initial deposit back when the deal closed!

-Were you feeling discouraged at all during the process? If so, how did you overcome it?

When i found out that i didnt have the tools in my tool belt to make the flip happen i felt discouraged and cornered but i then talk with my seller and told him the situation he understood how bad off the home was and was completely fine with me assigning it to my buddy who could get the job done! All in all a great experience!

-In the end, how did the first one turn out, and where did you go from there?

Made all the money I invested back along with $3,000 bucks profit, which encouraged me to quit my job and chase deals full time!

@Erik Bruns be sure to check your particular state laws on this matter! 

I highly suggest using all forms of marketing and becoming omnipresent so sending out direct mail wont hurt.

@Jeff G. Situations ive worked with ive always dialed the fiduciary directly i hope this helps 

@Anthony Greco there are many professional skiptracers out there that can help you locate the information you need to locate a potential seller.

@Jose Castillo I started with 1000 yellow letters. If you remain consistent you will win!! 

@Neil Da Silva I use investorfuse for my automation and its a great tool to help me stay on top of followups, appointments, team members, virtual assistants and keep track of all the in's and out's of my wholesale business. Also have you considered skip tracing phone numbers for potential sellers on your direct mail list? It may give you a upper hand to get in contact with some motivated sellers in your market ASAP. Skip tracing phone numbers in my target area and hiring a cold caller to call my direct mail list helped kickstart my direct mail campaigns.

Call Rail @Danny Jewkes