I have been building a list of distressed properties in my area - driving for dollars. And after scrubbing the list and doing some research online I have found that a few of the owners have passed away, either in the last year or couple years. My plan is to locate the next of kin, because it's evident these properties aren't being maintained or utilized.
I'm looking for any feedback from investors who have either sent direct mail or called these family members. And what/if there are any specific strategies that have worked best, while obviously being sympathetic of the situation.
Any advice would be great!
The direct introduction letter you're sending to the next of kin is going to be sent to the PR (Personal Representative) of the decedents estate.
You'll want to focus on those PR's that reside outside the state of ME (CA, LA, TX, WY, Ohio, etc,)
There's a good chance that those PR's may be motivated to sell..
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