Real Estate Agent · Richardson, TX · Member since 2014 · 511 posts · 161 votes
Hi everyone,
I just moved to Dallas last week and I'm surprised how the market is currently working here. I've been submitting offers on a daily basis, only to find my offers were way below the winning bids. It doesn't seem the 30 % equity rule applies in this market. I sent 4,000 mailers targeting absentee and homeowners with equity and received only 2 calls.
What marketing strategies are you implementing in this market? How are you finding deals? Is it realistic to target 30 % equity in this market? I can only think about building another list to target right now.
Great question! I'm new to REI and the market here seems so competitive I wonder the same thing. Was that your first campaign? Anytime I read about marketing campaigns it says consistency is the key. But only 2 calls out of 4,000 is extreme and kind of hopeless. I'm planning to run my first sometime before October. I planned on sending about 3,000 mailers.