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Updated almost 15 years ago on . Most recent reply

User Stats

123
Posts
11
Votes
Robert Jenkins
  • Commercial Real Estate Agent
  • Encino - Los Angeles, CA
11
Votes |
123
Posts

66 Letters Out Today.

Robert Jenkins
  • Commercial Real Estate Agent
  • Encino - Los Angeles, CA
Posted

Today i sent out 66 letters of Intent and hopefully things will start to kick off. I targeted Absentee Owners, Run Down investment properties, Or long time home owners who's home needs serious work.

What do you guys think will happen? 1 response? 2? 50? =P :lol:

Most Popular Reply

User Stats

90
Posts
52
Votes
Andrew Clark
  • Rental Property Investor
  • Raleigh, NC
52
Votes |
90
Posts
Andrew Clark
  • Rental Property Investor
  • Raleigh, NC
Replied

My first mailer I sent about 85 computer generated letters out to boarded up home owners. About 15 were returned to sender and about 10-12 calls were generated over the next 3 months. One of which led to my first wholesale deal. The owner originally wanted 75K, I said call me back if anything changes... she called 2.5 months later and said she wanted 20K but it was negotiable. I signed a contract on it the next day for 16K and sold it for 20K about 10 days later.

I hand wrote the addresses on the envelope, changed the Dear XXX and specific address to fit the homeowner and printed them on 100lbs stock white paper. I hand signed each one. I also added this line at the end - PS. Even if you aren't interested in selling, I would love to hear from you!
I don't know if it helped but I wanted every person to feel like I wanted to talk to them - which is true.

Hope this helps and best of luck!

-Andrew

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