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I’m working on my plan to crank up the volume for 2010.
I signed a contract to run a 1/4 page ad in a newspaper every month in 2010
Ordered enough postcards to last the whole year and will start mailing in January.
I’m getting new signs made for my truck ( moving billboard)
My focus will be to buy a lot more houses with seller financing so I can sell with seller financing and keep some as rentals. If I can’t get $250 a month cash flow and if the property is not in a good area I’ll pass.
What’s your plan for 2010???
Vic
I get a put stamp on the postcard to send it through the mail.
Speed
I mail at least 500 postcards every other week ( 1000 per month). Traditionally for every 500 postcards I mail I get 1-2 houses right away and another 1-2 later.
You CAN buy too many houses too fast and get inventory piling up on you — so sometimes I have to slow down the marketing if that happens.
Jackie
Jackie,
I am planning some marketing campaigns and I am curious about your list selection criteria. I have selected an area that is close 40% of our county. (our county has about 900,000 people).
I am targeting houses that would be worth between $75k and $225k (our median price is around 120k these days) with at least 40% equity.
That results in about 800 houses with absentee owners and 5,000 owner occupied houses.
My initial plan was to only target absentee owners, but if I get ratios anywhere close to yours, I would not be able to buy but a few houses and am shooting for 6-10 houses next year.
How often do you mail to the same person? What kind of sellers and properties are you targeting?
Thanks,
Pedro
I prefer to mail to owner occupants – that’s where I get my best results
Many of the absentee owner properties are not something I’d want in my inventory.
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