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Jon Q.
  • Investor
  • Berkeley, CA
713
Votes |
1,469
Posts

Have a good yellow letter you're willing to share?

Jon Q.
  • Investor
  • Berkeley, CA
Posted

I'm planning to send out mailers to solicit MF sellers in a few different markets.  Do you have a yellow letter/mailer you're willing to share?  If so, feel free to post it here or send me a private message.

I'd be most interested in letters having an above average response rate >5%.

Thanks in advance.

Most Popular Reply

Account Closed
  • Investor
  • San Jose, CA
3,331
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2,097
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Account Closed
  • Investor
  • San Jose, CA
Replied

I have a white letter, which has only 4.87% response rate for the Bay Area. So far this year, my partner and I did only three small deals worth over $3.5MM combined, which has built-in equity of about $1.5MM, 70% FMV? We passed on quite a few deals YTD and are currently analyzing another four off-market deals and in talk to buy another trophy property. Given the fact that my letter doesn't meet your requirements, I guess I will not be sharing it. :0)

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