Dishearten Investor after no response to Mailers

Dishearten Investor after no response to Mailers

Marathon, FL · Member since 2014 · 29 posts · 8 votes

Used yellowLetters complete to send a 6 month campaign to outside owners (absentee) non-llc,  who have 50-100% equity in the Florida Keys. I fielded over 150 calls, and had no reasonable leads. I added a new phone number to my phone to avoid people having my number & purchased a UPS mail box because it has real address. I made it a point to call & speak to everyone.  Nothing stuck.  You can imagine after spending $5000 in mailers and not even submitting one contract, it really takes a blow to one's professional business plan ego.  Not sure if to cough up another couple thousand dollars and try a different list algorithm on ListSource or pivot to different plan. 

I will start performing "driving-for-dollars" this week and hope to maybe get some traction. 

Taking calls from "sellers" was interesting. The most common theme I heard was "I have the best home on the block", its amazing how many people really think they have the best house.  Also had some people that were angry because they received a yellow letter, threatening to report me for harassing! lol

I had a local real estate agent hide behind a fake email telling me "I cant be contacting his buyers, that it was illegal". When I answered him, he hid behind his email & text and did not have the fortitude to answer.

Its a tough world out there!!!

Done venting..thanks for reading this far!

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Investor · Singapore · Member since 2013 · 1k+ posts · 3k+ votes
6y

@Alex Palma You are an ER doc? Why on earth are you wasting precious time on this? Youve invested years and hundereds of thousands to be a doc. Go be a doc. Do good in the world. Make money. And then just use your high income to invest in passive things!

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  • Member since 2019 · 1 post · 0 votes
    6y

    I have had much better success with driving for dollars.  Basically looking for distressed properties in my target area.  It does sometimes take 6 months to a year with multiple followups.  Build that relationship and find out whats most important to them and what their goals are in life.  Structure your offer to assist them in moving on with their goals while also obtaining the property for your goals.  I also share goals such as returning the property to its amazing potential and how you would love to see a family enjoying the property again, etc.  I have successfully closed on 2 properties this way in the last year.  

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