- Lead came in through a postcard mailing.

As I am in my rookie year as a wholesaler(started in Dec. 2014) in Detroit, MI, I have done a mailing of 250 postcards to absentee owners(in/out of state) and have get "one property under contract" but the deal didn't happen because the "owner" didn't really own the house(long story-short he never quick claim the house to own it out right with the city).

That budget would be enough to mail a couple thousand letters and post cards.

Network with delivery people and see if they know any houses that are vacant, ask agents to help you uncover keywords in the mls "must sell quickly" "as is" "fixer upper".If you have a little money to get started, do an inexpensive mailing postcard, black & white through usps.com with a compelling message and mail it to a targeted list of people that may need a quick sale. 

What info goes on to a postcard that doesn't go in a yellow letter?

When I first joined they had templates for investors; ie, contracts,, forms to download, and postcards and letters, also follow up letters to buyers or sellers for direct mailings within the site.

Speciffically, it was 2000 post cards to out of area owners.

I either email them or mail a postcard to ask them if they would be interested in getting 8% on their money backed by real estate, and set up a website where they can see more details about private lending and do it online.

I also want to send out postcards in the mail.

Develop website and start sending postcards to target market (still considering options) to buy homes using subject to/owner financing 3.