Getting apartment deals through direct mailing!

[Caito Coloma]

Hello,

So I just sent out my first bundle of direct mail letters to pre foreclosure apartments in Miami. I generated a list of owners with anywhere from 20-70k in equity. How much should I offer when discussing the purchase price. Should I go with the 70% rule. I am not planning on fixing up, my idea is to just purchase and immediately list on mls with a realtor. Basically skipping the middleman (not wholesale) and listing straight on market. Constructive criticism is welcome. Thank you !

[Jerryll Noorden]

Quote from @Nick Coons:

@Jerryll Noorden OP says he's mailing to owners in preforeclosure, not just "people". Seems to me they'd be fairly motivated, but interested in your thoughts on why they wouldn't be.

Hey, read this:

https://www.biggerpockets.com/...