All Forum Posts by: Sam Abbitt

Dev,

Leo and I have actually been discussing the topic of yellow letter vs postcards. It seems that there are investors who will argue both sides, but increasingly we hear that postcards are superior in that while they drive less phone calls, the leads that DO call will be much better.

I dropped 100 letters in the mail on Wednesday night, 100 yesterday, and about 350 this morning. It's now Friday afternoon and we have received a grand total of 1 phone call from an unmotivated absentee homeowner. I'm assuming that the first 200 letters have arrived by now, so the response rate seems to be a bit less than expected. However, it's probably a little early to draw any sort of conclusions about response rate.

We will keep you up to speed on the results. After we see how things go with the yellow letters we will decide to either continue testing yellow letters, or begin testing with post cards.

-Sam

Not yet, David. My real estate network, so far, is limited.

Ceasar,

I'm glad that you have heard of Savage Race. Come on out and run our Florida event in March! :)

My main goal with the yellow letters is to just find a great deal. My preferred type of deal would be a rehab for a buy and hold. However, I won't rule out wholesaling as a strategy... but I just don't have a buyer's list yet.

-Sam

Thanks @Greg Fries. I will send you the criteria we have developed so far in an e-mail. I would also welcome any advice concerning the best places to look in the local market, which zip codes/counties to find deals in, etc.

Hi there. My name is Sam Abbitt, and I have recently decided that I want to build a real estate business in order to diversify my assets, build wealth, and establish reliable passive income for my family. I am a lifelong entrepreneur, but my primary business is an obstacle course race event series I founded in 2011 called Savage Race. Because of my position with Savage Race, investing in real estate will be a nights-and-weekends endeavor.

I think that Real Estate investing will be a good fit for me. I choose this business because it excited me, but also because it matches up with my skill sets nicely. I am an experienced project manager, negotiator, marketer, and also hold a Florida GC license. I am starting this business with an old friend who I trust very much and who also happens to be a CPA with a firm grasp on financial analysis.

We are kicking off our business with a 1,153 yellow letter campaign directed towards high equity absentee owners in Orlando and surrounding counties. I licked the last envelope tonight, and am looking forward to the results of a 6 month campaign, sending about 1,000 letters per month.

After we get the deal flow figured out, we plan to wholesale, flip, and buy and hold. I plan to attend all of the local REIA meetings. I also look forward to meeting the Bigger Pockets contributors as I learn more about this fascinating business.

Sincerely,

Sam Abbitt

[email protected]