How to phrase it (by REMaven [PA]) May 10, 2018 7:06 PM|
How to phrase it (by NE [PA]) May 10, 2018 7:09 PM
How to phrase it (by REMaven [PA]) May 10, 2018 7:14 PM
How to phrase it (by NE [PA]) May 10, 2018 7:21 PM
How to phrase it (by REMaven [PA]) May 10, 2018 7:26 PM
How to phrase it (by NE [PA]) May 10, 2018 7:31 PM
How to phrase it (by Ken [NY]) May 10, 2018 8:11 PM
How to phrase it (by fred [CA]) May 10, 2018 9:08 PM
How to phrase it (by BRAD 20,000 [IN]) May 10, 2018 9:22 PM
How to phrase it (by Roy [AL]) May 11, 2018 2:26 AM
How to phrase it (by NE [PA]) May 11, 2018 4:13 AM
How to phrase it (by Ken [NY]) May 11, 2018 4:33 AM
How to phrase it (by NE [PA]) May 11, 2018 4:45 AM
How to phrase it (by NE [PA]) May 11, 2018 5:15 AM
How to phrase it (by Sisco [MO]) May 11, 2018 7:31 AM
How to phrase it (by Busy [WI]) May 11, 2018 8:09 AM
How to phrase it (by REMaven [PA]) May 11, 2018 8:32 AM
How to phrase it (by NE [PA]) May 11, 2018 11:23 AM
How to phrase it (by AllyM [NJ]) May 11, 2018 1:27 PM
How to phrase it (by Tom [FL]) May 11, 2018 8:53 PM
How to phrase it (by Wilma [PA]) May 15, 2018 1:34 PM
How to phrase it (by REMaven [PA]) Posted on: May 10, 2018 7:06 PM
Our market here is ridiculously tight. I’be been striking out with listed properties because they all have multiple offers and flippers are overpaying for their rehabs. I’m going to start targeting properties going into foreclosure.
This is a blue collar area, and I’m thinking they don’t want someone to send them a note saying something along the lines of “Hey, loser! I see you are losing your house. I can buy it for cash because I’m a rich @$$£§€¥”
Roy’s handyman ad is perfect appeal, but I don’t know how to transition that to a letter.
Any ideas? --96.245.xx.xxx
How to phrase it (by NE [PA]) Posted on: May 10, 2018 7:09 PM
What area are you in? --50.107.xxx.xx
How to phrase it (by REMaven [PA]) Posted on: May 10, 2018 7:14 PM
Bucks County --96.245.xx.xxx
How to phrase it (by NE [PA]) Posted on: May 10, 2018 7:21 PM
I start out with a letter in a hand written envelope. I just write that I'm looking to buy a fixer upper house in the area and if they or anyone they know how one to please call me. Then I put their address in an envelope and send a postcard every 3 months for the next 2 years.
I store the envelopes in chronological order and sit down with coffee in the mornings that I'm due to send them and start writing them out.
The owner of the $8,500 smoke house I bought a year and a half ago had a stack of my post cards! Haha. She said them and finally called.
I also have an ad running somewhat like Roys and do bandit signs. --50.107.xxx.xx
How to phrase it (by REMaven [PA]) Posted on: May 10, 2018 7:26 PM
What do you have on your postcards? --96.245.xx.xxx
How to phrase it (by NE [PA]) Posted on: May 10, 2018 7:31 PM
On my postcards it says "Thinking of selling your house?" "We buy houses!"
Then my info and target area.
It's subtle and professional looking it's not obnoxious and in your face.
I will change them up next time I order them a little. --50.107.xxx.xx
How to phrase it (by Ken [NY]) Posted on: May 10, 2018 8:11 PM
I would suggest you start going to the foreclosure auctions,i go to about 30-40 month and get 1-2 deals each month but they are real good deals.I do quite a bit of mailings also,occasionally someone calls and yells at me but who cares,i get enough deals from letters to make it worth while.I just have a letter that says public record shows you are owner of property in fulton county,we are looking to buy houses in your area,we have many satisfied customers and if you would like some cash for your house call me.I mail primarily to people who have had there mortgage assigned to another bank,it is often the first sign that someone has missed 2-3 mortgage payments because banks involved with the MERS system do not do assignments until payments are missed then they do the assignment in order to have the proper bank with the mortgage in there name to start the foreclosure.I don't get an attitude very often like you are concerned about,when they are properly motivated and ready they tell me the whole story about why they missed payments and are happy to speak to someone who understands what is happening to them and is able to help them.Bandit signs are fantastic also,the people calling on bandit signs are the most uneducated sellers who need me now.If you want to give an address I will mail one to you or an email address would work also --72.231.xxx.xxx
How to phrase it (by fred [CA]) Posted on: May 10, 2018 9:08 PM
"Farming by mail" will yield nothing.
Homeowners get them by the dozens every week, and they all go to the trash.
- I get hand written pleas to sell, with a family photo (including the family dog) attached.
- How about this outfit "We buy ugly houses"?
- I get buyers with all cash offers.
- I get realtors who send small gifts.
And on and on.
All letters get thrown in the trash.
How to phrase it (by BRAD 20,000 [IN]) Posted on: May 10, 2018 9:22 PM
In 40 years of RE investing with properties all over the county, which are not in my personal name, I have never received a WE BUY letter on ANY of my props.
How to phrase it (by Roy [AL]) Posted on: May 11, 2018 2:26 AM
NE said, "I also have an ad running somewhat like Roys and do bandit signs".
Bring this Ad to the convention. I would like to see it! I will be re-starting my Handyman Ad soon (Sunday newspaper) just to see what is out there. I love it when desperate people call me instead of me chasing them. --68.63.xxx.xx
How to phrase it (by NE [PA]) Posted on: May 11, 2018 4:13 AM
Fred, I totally disagree. I've bought many houses from letters in the mail. --50.107.xxx.xx
How to phrase it (by Ken [NY]) Posted on: May 11, 2018 4:33 AM
Fred,I also disagree,I buy enough houses from my letters to be worth the time and cost to keep doing it.I have an appointment this morning to look at a house from a letter.I have received a few letters from other investors over the years but not many --72.231.xxx.xxx
How to phrase it (by NE [PA]) Posted on: May 11, 2018 4:45 AM
Roy, there's really nothing to see. I either run "We buy houses" and my phone # or "Looking to buy a fixer-upper house" and my phone #, that's it.
I also run ads on table placemats at restaurants. . I get a lot of calls from them too.
We buy houses, we rent homes and a phone number and a picture of a house. That's it. --50.107.xxx.xx
How to phrase it (by NE [PA]) Posted on: May 11, 2018 5:15 AM
I also have "we buy houses" pens and business cards.
Everybody loses pens all over, so I just take them with me wherever. If I lose it, great.
Business cards I leave on restaurant tables and counters and community announcement boards. As well as leaving one in the drive thru tube at the bank, when I go through there.
My goal is to be first in line when a seller gets ready to sell. So I have to saturate my area.
I'm thinking of ordering business card sized magnets and sticking them on gas pumps when I get gas. --50.107.xxx.xx
How to phrase it (by Sisco [MO]) Posted on: May 11, 2018 7:31 AM
Direct mail is dead. You had better be easy to find on a google search. --72.172.xxx.xx
How to phrase it (by Busy [WI]) Posted on: May 11, 2018 8:09 AM
Fred, I'm going to challenge you on this. *grins*
I get those too, and yes, in the past they'd have all gone into the recycling bin. But, now I'm going to collect them in the pocket of my pick up, and when I see that fellow landlord, with the union stickers all over her vehicles, but she won't hire union people apparently to fix her houses, I'm giving them to her. She gets decent tenants, but they don't stay, because she doesn't fix anything, according to the tenants. She spends about two months a year incurring vacancy at each of the houses I know about. Apparently she doesn't do math, because two months vacancy hires a lot of union plumber, electrician, et cetera.
Its not that EACH card gets a response, its that eventually, that ONE property owner with a stack of these cards makes the call...
For those who do these cards, just a couple of calls might make their year.
I, for one, am glad there are others out there scooping up the run-down properties and putting them back in service. NE's model, where he doesn't do anything but safety on the properties with sketchy title is even good. He does address safety, and tenants that I wouldn't want to deal with have a place to go. So, even at the low end, it is improving housing in our cities, towns. And , if the title is clear, the house can get betterments, and, if a sketchy tenant does well, he could always move them up to a better house.
So, for me, its all part of the RE ecosystem.
(Cue "Circle of Life". Hakuna Matata!) --208.54.xx.xxx
How to phrase it (by REMaven [PA]) Posted on: May 11, 2018 8:32 AM
NE - if you want to do the magnet thing - they have ones on a amazon that you stick your card to. Much cheaper than ordering custom magnets - I priced them out for something last year. Good job for your kids if they are old enough.
Thanks for all your feedback. Seems like you hit this from various avenues. I wish I was going to the convention this year. Maybe next --174.201.xx.xx
How to phrase it (by NE [PA]) Posted on: May 11, 2018 11:23 AM
REmaven, the sticky magnets are what I was referring to. I absolutely would start with a letter and if the house is REALLY good, I hand write the letter and the envelope. The envelope always, the letters when the house is good.
Who sends hand written letters in 2018?
If you got one from anyone, regardless of the subject matter, would you open it? --174.201.xx.xx
How to phrase it (by AllyM [NJ]) Posted on: May 11, 2018 1:27 PM
Bucks County, Remaven? Parts of Bucks are the most expensive areas around here and compare with Princeton. I am right across the river from you. Plenty of foreclosures over here and houses no one can afford anymore because of the property taxes. My town is reassessing again. I asked on the local radio station if the assessments will be lower since the water is not safe to drink. We have had five or six notices that there was a problem. Of course they come in the mail so a person could be retching in the hospital already. --73.178.xxx.xx
How to phrase it (by Tom [FL]) Posted on: May 11, 2018 8:53 PM
Fred of CA I total disagree with you that prospecting mailings do not work. For you personally you are not in a financial hardship position to talk with a prospecting mailing. People that are in a financial hardship situations want out and the card they receive is their safety net to get out from a financial situation.
OR the person wants out of the real estate for whatever the reason; divorce, death, to many headaches if they are landlords.
Ken of NY and NE of PA are making prospecting mailings work for them and they get results from the mailings. --99.56.xx.xx
How to phrase it (by Wilma [PA]) Posted on: May 15, 2018 1:34 PM
REMaven, you're right about Bucks Co. real estate, that's for sure! I can keep an eye out for you, if you tell me your target area and preferred property type - I'm not looking for myself right now, but like to troll around to keep my mind in the game. --71.175.xxx.xxx