All Forum Posts by: Jill DeWit

Hi @Dillwyn Mathurin,

It is great that you have figured out your strengths.  Plus you already understand that to make this work and grow, you probably should not be hand writing letters and overspending on postage. If this really takes off for you, are you really going to hand write hundreds or thousands of letters each month? No way.

So - a few tips... (We've done 15,000+ deals so I have some good ones.)

First, get great data from the county or another live feed, not an old list for sale somewhere online. Instead of spending 3 hours to find 45 properties spend that time isolating the 300 or 3000 in that area that meet your criteria and send them a letter. But only send it to the ones that you really want - like 3/2, no pool, no mortgage, assessed value of less than $130,000... You get the idea. Of those that you just isolated, do you know how many have a mortgage? Because you want to be able to make a deal and that is hard with a bank involved. 

Next, send a cash offer and make it respectable. If you don't have the cash, find a partner that does. There are plenty of folks out there with tons of money that do not have the "acumen" like you nor want to do the work. But they will happily spend $ to back a great flip to get an awesome return! 

Finally, you are 100% on track to automate this. Easy to download the ownership data into a spread sheet and then merge into a word file that contains your offer letter. And mail that final 1,500 offers (or whatever your # is) via a cheap printer. You can get this down to less than the price of a stamp (they have bulk rates) and that totally justifies this process.

Hope that helps! 

Jill

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