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Wholesaling

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William Tong
  • Real Estate Broker / Lender (Residential & Commercial)
  • Arcadia, CA
11
Votes |
46
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Does anyone have a good letter for Multifamily 2-4 units?

William Tong
  • Real Estate Broker / Lender (Residential & Commercial)
  • Arcadia, CA
Posted Jul 26 2015, 10:24

I want to acquire a multi-family 4 unit property for myself and I see it as a good opportunity to wholesale any properties that I don't want or that come in after I acquire the one I want. Does anyone have any letters that get a good response rate? Are there any better methods than direct mail?

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838
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212
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John Cohen
Pro Member
  • Rental Property Investor
  • Mineola, NY
212
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838
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John Cohen
Pro Member
  • Rental Property Investor
  • Mineola, NY
Replied Jul 31 2015, 21:52

@William Tong I love the direct mail. I send out about 500 pieces a month. I would go with a hand written letter, more personal and address a need. Maybe a tax lien, violations, mortgage, vacancy problems, or low rents and non paying tenants.

User Stats

46
Posts
11
Votes
William Tong
  • Real Estate Broker / Lender (Residential & Commercial)
  • Arcadia, CA
11
Votes |
46
Posts
William Tong
  • Real Estate Broker / Lender (Residential & Commercial)
  • Arcadia, CA
Replied May 20 2016, 14:25

@John Cohen Thank you very much for the response! Do you have any example letters by chance? How are you tracking your results and things like that?

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User Stats

838
Posts
212
Votes
John Cohen
Pro Member
  • Rental Property Investor
  • Mineola, NY
212
Votes |
838
Posts
John Cohen
Pro Member
  • Rental Property Investor
  • Mineola, NY
Replied May 20 2016, 15:25

@William Tong I use an excel sheet, nothing crazy. Examples I generally get creative and create them as I go. You can use google and BP as great resources for letters.