Whats the best way to send direct mailers.
I'm sure I'm in the same situation as many other investors out there. I'm competing with a lot of other investors in my area. Its almost impossible to purchase a flip house through MLS because everyone is bidding the prices up. Everyday I drive for $$$ and send out letters to distressed properties. I think my problem is, I only send out 1 letter and sit back and wait for the phone to ring. I do personalize the letter and handwrite the envelope because I think that makes the owner more apt to opening it.
I would love to hear how other investors go about direct mailers.
How many letters do you send?
Do you send the same letter more than once or do the follow up letters reference the first letter and so on?
How long do you wait to send follow up letters?
Other than driving for $$$, how do you find distressed properties?
Thanks in advanced