BiggerPockets

Letters are in the mail and I'm in business.

Friday, July 31

Somewhere along the way I read someone state that "If you're not marketing, you're not in business." 

 Like I've said in my other blog posts, I've been reading and learning what I can for a long, long time now, without any real action. A few factors lately, like the expiration of my year long REIA membership and my continued state of poverty and unemployment, have pushed me to understand that it is time that I stop cutting bait and start fishing.

And with that, I dropped letters in the mailbox today. They went out to houses that look a bit (or more) neglected and looked like they held potential. Houses that looked a little below average for their respective neighborhood.

The letters should arrive on Monday, and I'm not 100% satisfied with my letter copy, and I'm still not entirely comfortable with what happens if, heaven forbid, the phone should ring on Monday. If that happens, I am going by Ryan Webber's advice on these boards that my goal is to find out two things: What is their level of motivation, and how much equity exists. 

In the meantime, the home phone number will be forwarded to the cell phone, and I'll be riding my bike up and down every street, neighborhood by neighborhood, jotting down addresses of properties that might have some potential, and sending more mail to those owners along with letters to NODs the day of filing.

And while I stay busy cutting bait, I'll wait for a bite from my line that it is the water now. If I get one and it gets away, I'll be left to wonder what went wrong and how to do better next time.  If no one bites, I'll look at my letter copy first. But any way I look at it, there IS a line in the water now, and while it might be a baby step, it's better than two years of talking about taking that step. So, we'll see what happens next.

Comments

1. 

   Ted Harris Reply
   over 2 years ago

   Great to read about your progress Jeff, and I have a feeling you are on the path to a very profitable business ...keep it going!

2. 

   Norm Chrostowski Reply
   over 2 years ago

   KEEP GOING, NO MATTER WHAT!! Ryan himself will tell you that.

   I too were in the position you are in not long ago. I did the same thing you are doing right now. DOING SOMETHING, no matter how small. I started looking for buyers, got a few under my belt, then started marketing for deals. You know what? The phone actually started to ring, and I started looking at houses. I increased my marketing and the phone rang more. This was only a few months ago. Now I have a ton of things going on, been making offers on everything I think has potential to be a good deal, and might be my putting my first couple under contract this week.(hopefully, fingers are crossed) Things are starting to click, not as much as I would like, but it's better than doing NOTHING.

   Stick with this site. I know personally, these guys are the best...period. They don't just talk the talk they walk the walk. A plug for Ryan Webber, Nick Johnson, Will barnard, Mike Rossi, Harrison Painter, Jon Holdman, Rich Weese, and everyone else who has responed to my ridiculous questions, a personal and heart-felt thank you!! Back to it...Jeff, continue to take action, and if you have questions ask here, you'll get a more than willing response you can take to the bank

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