Sent out my first 1000 post cards, What should I expect next?

Question

Is there really a magic number of expectations? What does statistic tell us?

Troy Durrette · Answer

Wow, I can't believe it, I had that post sitting there since October 10th. I just read it and hit send ANYWAY. So let me fast forward. I have since made offer and closed on the house I asked for suggestions on above. LOL She actually owed $72k and I bought it for $77k I presently have a contract on the house for $120k but putting $5k in updating/renovations. The women wanted OUT and held on to my postcard until she was ready to call. I was her savior, and she was mine.

Troy Durrette · Answer

I drove for dollars and accumulated approx. 120 vacant properties.

(Some were OLD by the time I sent letters out) and the remaining were absentee owners. I was concerned about the verbiage, but it's out there now.

I do have a google voice number sending between a few phone numbers. ALL calls will be answered. But phone hasn't started ringing off the hook yet. LOL

Jeff Fairchild · Answer

how much total profit wad the result? Are you still doing mailings? Are you going to send a bunch out when you cash check?

Troy Durrette · Answer

@Jason Roberts @Joel Hogan @Kevin R.

Thanks, and yes this is my first deal.

Troy Durrette · Answer

I'm guessing it's an owner Financed deal?

Troy Durrette · Answer

OK, it was quite dramatic for my first deal 1/2 done. Seller called, went to house and offered her $90k she refused. She called back the next day saying she'll except. I went back with signed doc and the 30 day due diligence began. Tried to sell/wholesale and realized NO ONE was biting, It was not a deal. I told her I needed more time to find buyer, but she said NO I just want out. I did find a retail buyer, through the but couldn't double close in time. So renegotiated price to just get her out of house and move, I did title search, found a lien had quit claimed house to me, for $5000 above payoff, totalling $77k and added me to person who can deal with mortgage company. Fast forward, I have it under contract for $120k scheduled to close next month. Fingers crossed........

Eyan Lakhani · Answer

@Troy Durrette: Hi Troy. Can you please elaborate on the negotiation process ?

1) Since the retail value was 130k, what was your first offer ?

2) Did you buy it cash or financed it for 120k ? Sorry a little confused..!

Jean Bolger · Answer

That is fantastic! from your first mailing, too- that's extra nice

Joel Hogan · Answer

Excellent work! Let us know when the deal closes.

Is this your first deal?

Troy Durrette · Answer

@Patricio Pace Vacant and Absentee. 1 cussed me out and told me to take him off list, 1 women was confused about where I got her info. and her husband was not around to discuss it. 2 no answers on return calls yet, 1 is investor and not interested in selling, 2 have shown some interest, one is out of town and said they would call back when they got back and the other told me to make offer. Haven't made offer yet. She owes $85k-$95k house worth $130k retail. Any suggestions?