Have you successfully found deals dropping notes in mailboxes?

Question

What'd your note say?

There's rounds-to-zero on the market in an area I'm interested in, and I'm thinking about just dropping notes in mailboxes. There's probably 150 houses in the neighborhood that meet my criteria at a reasonable price...maybe at least one will bite?

Have you successfully done this before? If it worked....would you be willing to share what your note said?

Jay Hinrichs · Answer

its totally ILLEGAL to drop private flyers notes whatever in the mailbox  you will be hearing from the postmaster general on that one.. you know like in Seinfeld it would be Wilford Brimley.

Natalie Schanne · Answer

@Andrew C. - my friends have been very successful “driving for dollars” with business cards stuck in the door with a note on them (example: Jason with blue sky properties business card), paper door hangers that go on the handle, and large yellow or fluorescent stickie notes that could go on doors and be sticky enough to not fall off. They drive to a house that might be vacant or distressed, knock, if anyone answers they talk to them, or if nobody answers they leave one of the above. They note the address and then lookup where the taxes go and send a letter. If you do enough of these, and there’s true distress, probably 1 in 50 becomes a $5000+ profit deal within 3 months. (I don’t know the exact numbers, but I was cold calling people off a foreclosure list and I realized after when I was going to their homes that they were distressed or vacant properties that would have also been flagged with my driving for dollars campaign.)

If you have a local real estate agent friend, you can also refer them the people who would rather list their home for sale instead of selling for “cash” whether to you or a partner.

Jordan Moorhead · Answer

Yes, but it works better for me with hand addressed and signed letters

Shiela R. · Answer

@Andrew C. - I've had much success with direct mail and knocking on doors (I went with a partner, would not recommend doing solo for obvious reasons). You have to go for the low hanging fruit - are these people distressed or is there any evidence they might need to sell.  Is the property distressed, do you have NOD list that tells you who is behind on payments? What messaging are you using? What will you say if they call you?

Jorge Hernandez · Answer

@Natalie Schanne

So would you say that in 2022, direct mail doesn't work anymore?

Jorge Hernandez · Answer

@Jay Hinrichs

So would you say direct mail campaigns don't work anymore?

Chris Seveney · Answer

@Andrew C.

As mentioned private flyer solicitations in mailboxes is illegal

http://5starupnorth.com/blog/distributing-flyers-courteously-legally/

Jay Hinrichs · Answer

My Dad started in real estate in the mid 60s he got his leads by doing door hangers thats why i knew its not legal to put them in the mailbox's you can do this with door hangers though its very effective even better than mail.. you simply go to the homeless shelters like he did and pick up 3 or 4 folks that will walk for 4 to 6 hours hanging those up we paid them back in the day 10 to 20 bucks for the day.. today with inflation might have to pay them a little more.. its more effective in housing that is high density of course..  Like row houses or for us houses in SF that are all attached. areas of large lots are not as effective time and distance wise.. on our flyer we had a tear off with pre paid postage they just filled in the little card and dropped it in the mail. Today I suspect you either have a QR code or e mail or phone number to call with mail it back being the last resort.   My dad would get me and 3 buddies on a Saturday to pass them out as well . And my Dad bought his own printing press and I printed the flyer after school in our garage.. now you talk about Gorrila marketing..  It works for sure.

Andrew C. · Answer

really? I wouldn't have thought that. I would have guessed a given owner either sells at the first letter or won't ever and repeat mailings are just irritating. I take it you've done this and see the repeat-mailings be effective in practice?

Eliott Elias · Answer

The key is follow up and repetition. Do you only drop it off once or do you consistently send mail to the same sellers? It takes about 3-4 times of seeing your card for sellers to budge

Have you successfully found deals dropping notes in mailboxes?

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