Last year I bought 31 properties. 27 of those were flips and 4 were rentals. This year I have only bought 4 properties! I am way behind my goal to buy 36 flips, although one of those purchases was a 2.1 million dollar commercial property.
https://investfourmore.com/2018/02/05/commercial-rental-property-21-bought-2-1-million-68000-sqft/
I usually buy more than half of my deals from the MLS. However, I have found very few deals this year that were listed.
I sent out a new batch of direct marketing a week or two ago. My direct marketing consists of sending letters to absentee and elderly owners. We sent out about 1,000 letters for each deal we get. I sent out a few thousand letters, but had only received a few marginal leads. I was getting seriously worried.
This week I had three really good leads come in from my direct marketing and another agent sent me a great lead today. Hopefully things are turning around!
Here is a case study on a flip I did from my direct marketing.
https://investfourmore.com/2017/08/14/case-study-fix-flip-bought-direct-marketing/
We are still in the 4th month of the year, it's not too late to achieve your goals for the year. All you have to do is to put in more efforts towards achieving your goals for the year and also be focused. Wish you the best of luck in your struggle to achieve your goals
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Thank you, still working hard
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great job! I did some driving for dollar this morning and found 20 houses that one really knows about yet - its a great way to get to know different neighborhoods and find properties most other investors aren't even aware of yet
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I do d4d as well! Great way to find deals
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Direct Marketing is a great, but sometimes time consuming, and less effective way of reaching leads. Have you done any experimentation with Facebook Ads? It may seem odd, but there are a lot of the elderly on Facebook, and we have a hunch that many of them aren't being targeted for others ads. This could mean you've got a nice, low competition ad market where you could get a much better ROI!
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We do use Facebook as well!
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Nice post. Good luck with your investing. I enjoy the housing market as well.
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Thanks!
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You got a 1.92% upvote from @postpromoter courtesy of @investfourmore!
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This post has received a 14.28 % upvote from @kath1 thanks to: @mariam.kerromi.
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