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Updated almost 12 years ago on . Most recent reply

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Ceasar Blackman
  • Real Estate Agent
  • Orlando, FL
40
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270
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Listsource Fatal error ??

Ceasar Blackman
  • Real Estate Agent
  • Orlando, FL
Posted

I bought a list and started writing letters and I started checking some of the addresses and noticed that a good amount of them seem to have been bought within about that last 6 or 7 years. Again more than half of them seem to be bought from LLC so I'm assuming they are investment properties since the equity i searched was 80-100%. My question is should i follow through with this list or buy another with a longer ownership timeframe? Im running on a tight budget so obviously looking to try to market to the most motivated people and I'm guessing if some of these properties were bought so recent that the chance they would be interested in selling would be pretty low.

Thanks for input

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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
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Rick H.#4 Marketing Your Property Contributor
  • Lender
  • Greater LA/Orange County area, CA
Replied

If on a tight budget, focus on testing for high-shot deals rather than carpet bombing the market. World War I sharpshooter Sargent York used to imagine he was back home shooting wild turkey and had an incredibly high score with limited ammunition to his credit.

Unlike York, (hopefully) no one is shooting at you and you ought to be able to pick your targets carefully, avoid working on marginal deals (as Michael Quarles suggested) and remember to breath before you squeeze the trigger.

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