If your message is on-target, they can work, but don't make them so wordy that the homeowner will think they don't have time to read it and figure out what you are pitching.

I raised rents 10% and now it is justified as that is right on target for what the FMR increase was.

Planning on targeting houses with 3 to 4 units, for a buy and hold strategy, still trying to work out the exit plans part of the business plan.Wife is in the process of getting her real estate license as she has been in property management for the last 2 years and really enjoying it.Looking forward to joining the community.

This is based off a real property in my target area.

We had targeted Atlanta which looked fantastic at first blush - but our more in-depth research has been concerning.

I guess he expects that you don't know that a "post hole digger" costs $50 at Home Depot.He probably also expects that you don't know that adding 6" extra concrete to a 1 foot diameter hole requires less than a half of an 80 pound bag of concrete. 24 of these holes (8 x 3 buildings) would require about 15 extra 80 pound bags of concrete.You can get those at Home Depot for about $4/bag, or about $60 extra dollars for 15 of them.That means the extra materials for the job total around $110.How much is he charging you for the extra work?

I'm curious what the competition is doing - I'm about to start a couple of direct mail campaigns - saturation mailing for a couple of neighborhoods and targeted mailing to absentee landlords.If you haven't tossed the postcard, I'd love to see a scan or cell phone pic of the front/back.

I'm sure there are more but that should get u a good start for research target markets.

Deduct 15% of ARV, which is your target profit.

While at a workshop recently I met someone who uses this formula:Figure out ARV.Deduct 10% of ARV for rehab costs.Deduct 8% of ARV for all closing costs (including hard money).Deduct 15% of ARV, which is your target profit.You're then left with the purchase price.Does this look good to anyone?