Hey Demetrius, To be honest i am new to real estate investing my niche is long-term hold multifamily but, chatting on BP i met up with a wholesaler in MA and i just sent my first letter to a owner in MA and i currently live in FL. i guess i would recommend finding a more experienced wholesaler and your area and learn. i wish much success in your journey. 

Send a personal letter inquiring.

I have seen people mention postcards, hand written letters, and so forth, but I want to know what has been effective for the BP community, especially in my area.Thank you all for your time and I look forward to reading the responses!

@Barry StegallI’m getting 25 year amort with 10 year balloons.

What letters do you write to sellers?

Justify it in your rent raise letter with a list of upgrades and encouraging them to check nearby pricing which I’m assuming you are right at/close to.

On the BLM stuff  the best thing i have seen was a Black father of 4 boys with an open letter to Lebron James.. and its was excellent.. the up shot was much of these issues start at home its worth a read for sure.. 

I sent a letter Stating rents will be increasing to 1000.00 starting August 1st.

Interest rate is 5.5% with a balloon payment of 5 years (2022).

Interest rate is 5.5% with a balloon payment of five years.