All Forum Posts by: Justin Reed

90% direct mail haha 10% my network. I've done other methods and nothing compares to direct mail.

Direct mail. I pull assessor data (with a direct link to RealQuest or DataTree depending on my acquisition criteria) of the type of properties in the areas I want and send ALL the property owners an offer. I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. I explain in my offer letter to sellers that I am a serious investor, not and agent/broker, I pay cash, and are prepared to close as soon as x days.

Then I sit back and wait for the motivated sellers to call us. You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for. Believe me - it works like a charm. That is how I GET THERE FIRST. By the time a deal reaches the MLS or a lead source, someone else has already beat you to it. Also, knocking on doors (aka "driving for dollars") is an outdated way of doing this and honestly isn't worth your time. It's no longer about possible subject to leads - we now have DATA and computers and direct mail to get there first.

Data quality is important so I would avoid ListSource or other lower quality data providers. Your time is more valuable than cold calling.

Please feel free to reach out to me if you have any additional questions - I would love to help!

I've done both, I won't do anything but direct mail now. My time is more valuable, and I get more deals.

I'm direct mail acquisition machine. I pull assessor data (with a direct link) of the type of properties in the areas I want and send ALL the property owners an offer. I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. I explain in my offer letter to sellers that I am a serious investor, not and agent/broker, I pay cash, and are prepared to close as soon as x days.

Then I sit back and wait for the motivated sellers to call us. You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for. Believe me - it works like a charm. That is how I GET THERE FIRST. By the time a deal reaches the MLS or a lead source, someone else has already beat you to it. Also, knocking on doors (aka "driving for dollars") is an outdated way of doing this and honestly isn't worth your time. It's no longer about possible subject to leads - we now have DATA and computers and direct mail to get there first. Please feel free to reach out to me if you have any additional questions - I would love to help!

Just send out more mail. Offer less or cut my offers, I found I was overpricing. Reach is important when selling. I think your return expectations may be a little high, my advice would be to scale and send out a lot more offers than that. Also look at diversifying and adding land or something else.

Send out mail first. If you have a good deal, it will get funded.

Very dead. Direct mail with blind offers. You'll get signed purchase agreements sent back to you.

Also this Jeryll dude sure is annoying.

Offers2Owners has some free templates on their site.

You could use NeighborScoop. It does incur a monthly cost, but I use it for all of my due diligence so the cost makes sense for me. Sometimes I'll have my VA go in and do a batch for me so I don't have to haha.

Pull a list from an assessor data source like RealQuest and DataTree. Work on targeting the kind of property you want, not the owner information. It's all about the timing.

@George B. Washington I would recommend looking at direct mail, where you're getting your information, and who you're targeting. Don't target just absentee owners, etc. as you're leaving a ton of deals and money on the table. Pull your data from an assessor data source like RealQuest or DataTree, it will be much more accurate and up to date, and in the same format so it's easy to work with. If you have any specific questions or want help feel free to message me.