All Forum Posts by: Dave Slaughter

Bryhiem,

My yellow letter is much simpler and is pulling 20% response the last 2 rounds that I sent out.

I just say "I would like to buy your house at... Please call me" Use red ink.

Your simple message will be received by the intended target.

I would only send out the percentage of phone calls you can handle adequately. For instance, if you can handle 10-15 calls a week; then send out 100-150 letters a week, assuming a 10-15% response rate. If you can properly field 100 calls in a week then send out the whole list of 1000.

Whatever number you send out you can expect the phone calls to come the week they hit the post office.

I hope this answers some of your questions. I'll have to differ to the other pros for the remainder of the suggestions for you.

Answer every call that comes in.

Do your best to qualify them on the phone.

When you get calls capture their email address (I made this mistake)

Keep mailing to them and don't quit.

Good luck Anthony I'm sure you'll do we'll you have already taken the first step- ACTION!

Welcome @Jon_Muscutt ! I'm a Louisvillian too,let me know if I can help.

Welcome aboard @Z Smith !

What areas of Louisville do you like? It's a pretty eclectic city huh?

I'm fairly new around BP too, but let me know if I can help.

I'd say drop them in the mail. I just sent 100 out last Monday and have gotten 20 call backs so far. 3 of them look to be real deals.

I was contemplating this same thing last week and read some older posts on the subject and they all favored to keep marketing during the holidays.

I too like @Michael Siekerka work as an IT manager for a large health insurer during the day. Trading my time for a set amount of money is the most disheartening part of the career. I cannot wait for the day I can call it quits and work for myself full time.

Kimberly

Welcome and always good to see another Kentuckian join us.

Hello Mya,

Great to see another Louisvillian here too! Feel free to reach out if I can help in any way.

Hi Shana, welcome to BP. Look me up at the KREIA meeting tomorrow, I'll be there.

Hi Mina, I'm new to wholesaling too but I have been learning enough to answer your questions.

1. Do both at the same time. If you find and lock up a good deal it won't be hard to find the buyer. If you spend too much time just looking for buyers with nothing to sell them that will cause you to waste time not looking at houses to buy and visa versa. You need to be balancing those tasks until you have a solid buyers list and comfortable with sourcing sellers.

2. Finding buyers requires pressing palms. Find out where the cash buyers already are and network with them. A couple of places to look are

Local REIA

The sheriff/courthouse auction

Property auctions listed in newspaper

Neighborhoods where you see contractors repairing houses

Visit those places and talk to the people there who are buying especially the ones who didn't win a bid. They have cash in their pocket and are ready to buy now.

Those are just a few ways I'm sure that others can add more.