Updated over 8 years ago on . Most recent reply
Put offers on direct mail campaign?
I'm really a buy and hold person, but I'm looking to try and see if I can use some wholesaling techniques to get better deals off MLS than I can through MLS. I've done my research and know of a particular high rise condo complex I'd like to own property in. I had someone from freelancer.com go through the property records and find all the non-owner occupied units and get the owner's addresses. My plan is to send all the out-of-unit owners a letter to their home address offering to buy their unit. Since there are only three basic units, I already know what I think each model is worth. In the letter is it a good idea to say "I'm willing to pay up to $x for a 1 bedroom, $Y for a 2 bedroom, and $z for a 3 bedroom", or should I leave that off? My feeling is that if people see an offer they might take the letter more seriously. On the other hand if their unit is in terrible shape and I can't actually offer them all of $x I feel like I might have fixated them on a high price prematurely. What do people think? Is this likely to being in more leads or less?