Best Way to Capitalize on Off Market Properties?

Question

My girlfriend & I both recently graduated from Coastal Carolina University in the Myrtle Beach area. She is working for a marketing firm & I am working for a commercial real estate consulting firm. We both want to get into investing in real estate with our house first purchase.

With residential home prices at historically high levels, we are looking at off market homes to Live in and Flip to get started in the game. Every evening after work we spend hours driving around the area and compiling a list of fixer uppers throughout various neighborhoods.

None of these home are currently on the market. What be the best/creative ways to effectively reach out to these home owners?

Cody Lewis · Answer

I would go with whatever is authenticate to your voice. Just know mailers are like sales cold calling, they have a very limited success so do not give up early!

Ben Woolcock · Answer

@Cody Lewis Great to see some fellow Chants here. Was definitely planning on sending some mailers, anyone with any creative templates they have used? I recall one podcast about the “drunk” letter the one guest used to get better responses.

Cody Lewis · Answer

First, congrats to you and your girlfriend on graduating from CCU! As a fellow Chant I hope nothing but success for y'all!

As for contacting sellers, you could always go the standard route of a realtor who's likely got methods for reaching out to homeowners. If you're wanting to do it on your own, you could try blanket mailer campaigns in areas you find worth investing. Also, I would find a local REI meeting to pick the brain of those that have or are already doing this. They'll have some advice on how the local markets/neighborhoods respond to different methods.