Updated almost 4 years ago on . Most recent reply
Direct mailing Question
Hello!
I am newbie to the BP forum. I have one LTR property in NY and I am looking to purchase an out of state STR condo down south by the beach. My husband and I have gone down, searched a location and shopped around with a realtor and Narrowed our search down to one complex we would like to buy in. Any building of the complex will do. We have put in a few offers but we get out bid.
Id like to try Direct mailing to unit owners of my interest in buying a unit hoping I might find an interested unit owner that just hasn't gone to market. Can anyone suggest how to get a postcard made and direct mailed & more importantly What to write on the postcard??? If they are absentee owners does their mail get forwarded I'm assuming?
Any suggestions greatly appreciated!
Nicole T.
Long Island
Most Popular Reply
@Nicole Tuffarelli, I have gotten a number of houses from direct mail. That enables me to find off market deals.
My two short term rentals are funded by the sellers. They each were tired landlords and I wrote in my letter that I would give them a lump sum, and make monthly payment to them directly. I pay one of them by check and the other wants a wire transfer. I pay both of the 6% interest only. We closed one of them with a title company and the other through the seller's lawyer, at his request.
Look at the county records like mentioned above. Handwrite the letters for most impact.