Updated about 5 years ago on . Most recent reply
Direct Mailing/ Take on Existing Loan
Hello Bigger pockets world,
I recently bought my first rental property which I am very excited about, However, I am eager to learn direct mailing and after seeing all the cost and time it takes with agents, and have decided to dedicate my time to learning Direct mailing and finding off-listed properties. I recently signed up for Propstream and will be using that to find potential properties with out-of-state investors and that are 4+ units. Using grant Cardone's 10X rule and doubling from my first property. In addition, I was hoping to get some feedback on how some of you use direct mailing and what are some strategies, mailing ideas, and just ways you guys go about direct mailing.
In addition, I have also been looking for out-of-state investors with existing loans on their property. As being someone new to existing loans, I was hoping to get some more information from you guys who are in the process of taking on an existing loan. I'm hoping I gain some beginner knowledge to get started. So basically, Is the process easy and If I cold call people can I use " I am willing to take on your loan" as an incentive to get them to sell.
I know it is very broad but any knowledge will help.
I have heard from the podcast about people taking on existing loans but if anyone is an expert/ has the knowledge, please PM and we can set up a call rather than speak through text which can give both of us more in-depth information.
Thank you!