All Forum Posts by: Josh Dotzler

Brandon Proctor if I were you, I would get my feet wet wholesaling and reading as much as you can learning how to evaluate property/deals. If you could buy a property after your lease expires (taking advantage of the low interest rate) you could buy a duplex, live in one side and rent the other using your VA loan. You are at an advantage being by an Air Force base (and still in the area) since you can probably market directly to your squadron/base housing officials plus you know exactly what the BAH is in the area. You could then move out whenever your contract is up and rent the both sides out. The only thing you might want to double check is what the requirements are to convert an owner occupied to an investment property, as this may affect your ability to buy after you move. Hope this helps.

Thanks to everyone for the response. It sounds like yellow letters are definitely the way to go to get the phone ringing quickly. Michael Quarles I've heard nothing but good things about your company and the lists/letters you send out, and thanks for the explanation behind each type of letter.

Here is exactly what I'm dealing with. Where I'm doing business, I have only about 130 absentee owner leads (with >40% equity) and over 5000 owner occupied leads (with >40% equity). I would love to get calls from all of the absentee owners (probably use yellow letters for them), but I'd like to get calls from the desperate owner occupied leads as well (maybe form letters for them). Both would have hand written envelopes. Do you think I'm wasting my time even sending out form letters to the owner occupied homes and should just save my marketing $$ for yellow letters?

I'll be starting my direct mail campaign soon and wanted to hear what kind of response rate y'all have had specifically with yellow letters vs form letters (w/ handwritten signature and handwritten envelope).

I have two lists, absentee owners (40%-100% equity) and owner occupied (again 40%-100%) equity. I would like to mail to them all. I understand the general consensus is that yellow letters have been the most effective and that it can't hurt to have a combination of yellow letters, form letters, and post cards. However, I'm specifically looking for everyone's response rate with the different approaches.

Thanks

Thanks all for the encouragement, motivation, and information. I'm sure I'll be asking y'all questions in the near future.

Thanks for the info Dan.

Robert Burns and Jeffery Bigsby great info! Thanks

Dan H. I am new to wholesaling and your success so far is really motivating. Do you mind if I ask what list you used for yellow letter campaigns (ie absentee owner, 30/60/90 day late, etc) and how many letters you sent out? That seems like a great success rate! Thanks man, good luck.

I'm just getting started in RE and hope to do business where I currently live in Omaha, NE. I plan to start in wholesaling and hopefully grow a long-term buy/hold RE portfolio. This site has been a great learning tool. Thanks for the information and motivation!