Lender · Boynton Beach, FL · Member since 2026 · 18 posts · 5 votes
Hi everyone, I'm new to wholesaling in Boynton Beach / Delray area.
I've been driving for dollars and pulling lists of absentee owners who have owned since 1999-2005 and now live in Ohio, Michigan, Virginia. These are 20-24 year owners, likely tired landlords.
For those of you experienced in South Florida, how do you approach this type of owner respectfully? I want to offer a fair cash, as-is, no listing hassle solution, but I don't want to sound like spam.
What has worked for you for first contact - mail, text, or cold call? And when you calculate offer for a house around $600K ARV that needs maybe $50K rehab, what range do you use to leave margin for cash buyer but still be fair to seller?
I'm a wholesaler, not the owner, and I'm still learning the Delray market. Any advice on how to have a honest conversation with these long-term out-of-state owners would help.
Welcome Muyees. For long term out of state landlords, a short personal letter usually beats a postcard, because they get a lot of investor mail. Mention the property address and ask a question instead of making an offer. Many tired landlords care more about closing timing and condition than price. How are you reaching them right now, mail or calls?
Lender · Boynton Beach, FL · Member since 2026 · 18 posts · 5 votes
7h
Thanks Jeremy! I'm reaching them by mail and TruePeopleSearch text right now, but 0 deals closed yet. I'll try personal letter with question vs offer - that makes sense. For Delray 33446 with ARV $600k and $50k rehab, do you usually do 70% of ARV minus rehab, or do you go lower for out-of-state tired landlords? Appreciate your advice.
Glad it helps Muyees. 70% of ARV minus repairs is a common starting point, but treat it as a ceiling, not a target. Leave room for your buyer's profit and your fee, and test it against what cash buyers in Delray are really paying. For out of state owners, a simple fast close often matters more than the last few thousand dollars, so keep the offer easy to say yes to.