To everyone who cares, I just wanted to express my satisfaction that I've finally engaged in a yellow letter campaign.
I formed my first company, made a marketing budget, obtained a target list in my zip code from List Source, bought my materials and postage, and today I'm sending out my first group of letters that I just finished stamping. Tomorrow I'll send more. All I have left is to find wholesale contracts that I like and a title company that will work with me, and of course to get my first deal!
Thanks BiggerPockets for being here!
Way to jump in @Jason Rhine ! Are you hand writing? How many letters are you sending out? Whats your plan for followup mailing? Good luck and please do let us know how your first mailing goes.
@Jason Rhine congrats on taking the plunge! Keep us posted.
Thanks! I will keep posted.
@Brian L. I am handwriting on plain white envelopes and using a font I created with my handwriting on lined yellow paper for the letters. For this first campaign, I am sending out 800 letters to absentee owners over 4 weeks, so 200 per week. Today I did 50, tomorrow I'll send another 50. I'm spreading it all out so that I don't get more calls than I can handle at once. As for follow-up mailing, I do not have a plan yet. I am keeping track of who I've sent to and when, so that as time goes on and I figure out my ratios I can plan my next steps such as how many letters to send out next, over what period, and how much budget room that leaves for second mailings.
Also, I just found my title company! Tomorrow I'll finish my contracts so that I have them ready, and perhaps call some contractors to see if they'll do on-call repair estimates in exchange for a couple hundred when a property sells. Then on to adding to my buyers list.
Good luck! I hope it's a huge success!
Thanks @Matt Swartzendruber !
And thanks for the vote @Tammy Starks!
Great to hear, good luck!
@Jason Rhine Awesome I hope you knock it out of the park.
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