All Forum Posts by: George Moehlenhoff

@Christopher Gil There is a lot of good information in this thread, but I wanted to add that while I agree your close rate has a lot to do with your ability to close (i.e. how good are you on the phone, your general RE experience, etc.) it also depends on your goals (for each opportunity). You might want 15% CoC or $300/month cash flow or properties where the ARV is $150k or a wholesale fee of $10k. That can and will impact your close rate, too.

FWIW, I have only been doing this for about a year.  I have completed 3 campaigns by following the advice in the podcasts and reading the forums.  For 2000 letters, I would expect 2-3 deals.  5 is not unreasonable, IMO, but there are a lot of variables.  

It's super important to keep track of all of your data.  I track the # of letters I send out, the number of calls, actual leads, and deals (plus a few others).  

Good luck!

Let's get you back in for a few more months so you can complete the marketing chart and gain the knowledge you were needing.  

On me! 

I'm a fan of GRE, the Real Estate Guys, and Michale Blank.