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Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: Redstar1324 on October 19, 2016, 06:53:15 pm

Title: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 19, 2016, 06:53:15 pm
1,500 letters triple-folded. I have my bulk mailing permit, so I only pay around $0.30/stamp.

What if I get no calls?

Should I send to the exact same list next time? Should I send a new list once per month? How long should I wait?

Has this always turned a profit for anyone who's done it?
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on October 19, 2016, 07:20:32 pm
All right Red star, it's good to see your taking action. My first mailing I spent about 4 grand and made back 2 Grand, Luckily I didn't give up and most of the time I double or triple my expenses. Back then I really didn't know what a deal was and now I have better buyers and my negotiation skills have improved.
But if I got a bulk mail piece I probably wudnt open it.
Every direct mail instructions I've got  tells to use first class stamps only.
this is not the place to go cheap, a piece of paper folded in thirds? why not a good looking post card to grab attention, or a nice envelope and yellow lined legal pads? I buy mine at Walmart for cheap.
Being cheap can cost you more than saving a few cents on postage and quality materials.
But you will eventually learn, hopefully before you give up.
Good job dude, you just might get some deals going.
rando
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 19, 2016, 07:40:07 pm
Gold River suggested I do it this way. I wonder what he thinks about this?
Title: Re: Sending out my first bulk mail in a few days
Post by: Gold River on October 19, 2016, 09:51:31 pm
Hi,

    Yes I recommended using a single sheet of yellow paper, folding in thirds and addressing it as bulk mail because redstar is on a budget and it was the most cost effective way to reach out to a wide audience.

I considered your Orlando market, the fact you are looking to operate in the affordable home market and the demographic of your market.

Had you wanted to get into a middle class or upscale market I would have suggested envelopes with a letter and still recommended you send them bulk mail as the rate is less than standard stamps!


                   GR
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 20, 2016, 12:08:40 am
Will do.

Do you think I should send to this same 1,500 next time around? It is from Listsource.com

I am about to get every listing in the county from the property appraiser, which is more letters than I can afford to send.

Title: Re: Sending out my first bulk mail in a few days
Post by: Gold River on October 20, 2016, 02:10:47 am
Hi,

     Remember you can get out on a Saturday morning and probable place a couple hundred of your letters with blue painters tape on doors in a neighborhood in 3 or 4 hours. If you did this Saturday and Sunday mornings every weekend you could put out another 1500+ per month for basically the cost of printing.

I would do a completely different market each time as we know your response rate to your letters is less than the number of letters!

Good luck,


                 GR
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 21, 2016, 09:37:10 pm
According to the post offices bulk mailing unit, in order to properly seal my letters, I need 1.5" "wafer seals,"  which are basically round, clear, stickers.

I ordered some from an online catalog. In the meantime, what do you think of my letter?

Nothing sexy about it. Plain black type on plain white paper.

"To (owner)

 My name is (my name). I am an investor wishing to purchase your house at (address).

 I will buy your house in " as-is" condition and purchase in cash. I would like to buy your house as soon as possible.

Please get back to me if you wish to do business.

Sincerely,

 (my name)
 (my number)
 (my email) "

And above the return address on the front says

"WE BUY HOUSES
$$$ - Get Cash Today - $$$"
Title: Re: Sending out my first bulk mail in a few days
Post by: Gold River on October 22, 2016, 01:50:35 am
Hi,

    Why an online catalog? They are available at Office Max, Staples, Office Depot, etc. just 5 or 10 or 15 miles from your home!

Turn door key, sit down, start engine, put car in drive, vroom, vroom, right blinker, left blinker, stop sign, stop light, pull into parking lot, get out of car, go into office supply place, grab 1.5 inch wafer seals, walk back down isle to cash register, pay cashier, go back outside to car, open door, sit down, start car, back out of parking space, accelerate forward, vroom, vroom, right turn signal, left turn signal, yield for pedestrians, stop, forward, stop sign, accelerate, stop light, forward, get home, park, turn off ignition, get out of car with wafer seals, lock car, walk inside, sit down at table, seal envelopes!

That trip would take 20 to 35 minutes round trip and you would have sealed every envelope by bedtime!

There is nothing like procrastination! What's more surprising is you telling us about it?

You don't need to have their address on your letter, they will tell you their address if they call?  You don't have to have the owners name on your letter part, just on the addressed to part! Way to much labor / time to key all that info into a form letter.

Hi,

     My name is Gold River and I help you solve problems!
   
     I buy homes as is / all cash! I help you with any situation!

     I want to buy your home at a fair price! Call Now for a no

     risk evaluation of your home and circumstances!

     I'm just a phone call away 123-456-7890  EST

     I am available 24 hours a day 7 days a week!

     
      Gold River

      [email protected]

I would get a second phone number on your cell phone!  Google second cell phone lines, E Voice is one company that can place a second line on your cell phone!


                 GR
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 22, 2016, 02:13:35 am
Staples didn't have them in this quantity or for the same price.

I could switch to your letter, but I use mail merge anyway, so it doesn't take up much time.

Don't I have to go in reverse first to get out of the driveway?

And you forgot cranking up the Slim Shady on the way.
Title: Re: Sending out my first bulk mail in a few days
Post by: All-Ears on October 22, 2016, 12:24:49 pm
Hi,

     Remember you can get out on a Saturday morning and probable place a couple hundred of your letters with blue painters tape on doors in a neighborhood in 3 or 4 hours. If you did this Saturday and Sunday mornings every weekend you could put out another 1500+ per month for basically the cost of printing.



How do you find out if this technique is legal in your area? Call the County?
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on October 23, 2016, 01:55:17 pm
I'm getting ready to do another round of post cards. I found this company on line that will do them for 49 cents or 60 cents using first rate stamps. I'm done with doing them myself. After all the blank cards I ordered and Ink and paying my sister 10% to do them, this is actually much cheaper, what was I thinking?
Standard postage on 2500 post cards comes to $1,250 and first class is $1,500 That what I can do them for, plus paying 10% off the top? You Idiot.
Well, I'm going to give them a shot. They also have templates or you can use your own, and they have fonts that look hand written.
I need to take a class on Direct mail 101.
You can teach an old dog.   yellowletters.com
Let's make some Money....
Rando
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 23, 2016, 02:45:32 pm
The only thing I can offer is that bulk mail stamps are around $0.30/piece.

On 1,500 letters, that's a savings of $255 than if you would have paid $0.47/piece.

Plus, you can buy a "stamp imprint" so that you can print something that says "Bulk Mail Permit #534" directly onto each piece, instead of having to stick on a stamp.

I think you could get more listing from the property appraiser/assessor rather than listsource.com. That's what I'm going to do.

But then again, I still haven't made a penny so what does it matter what I think.
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on October 23, 2016, 02:47:46 pm
I use yellowletters.com.  The owner is a guy named Michael Quarles, listen to some of his stuff on YouTube.  The guys a marketing genious.  I've got a script he uses on sellers, it works like magic.

Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 23, 2016, 03:08:14 pm
Yellowletters.com says $0.77/each.

Mine come to $0.52/each.

On 30,000 letters, that's a difference of $7,500.

The only difference is that my paper is white and doesn't have "faux" handwritten letters. Still not sure if that would result in more responses.

Also, I might be able to save more if I went to a print shop because I would get lower ink prices.
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on October 23, 2016, 03:48:40 pm
From what I've heard there is a better response rate with handwritten.  Haven't tried anything else so I don't know.  A friend of mine is doing so much mail that he bought a $100K printer that prints, folds, stuffs, and stamps.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 23, 2016, 03:58:03 pm
Microsoft Word has handwritten fonts. I could try that next time.

I'm buying 5,000 sheets of plain white paper for about $55.

I haven't even been able to find any sufficient quantity of yellow lined paper. Where do you get yours from and does it fit in a printer?
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on October 23, 2016, 04:05:41 pm
For font I used myscriptfont.com.  It's free and it uses your own handwriting.

The mailings that I do myself, I just used plain white printer paper.  Then I use a normal #10 envelope, I don't seal it.  I tuck the flap inside the envelope.

Wal Mart sells this stuff:  https://www.walmart.com/ip/School-Smart-Short-Ruled-Newsprint-Theme-Paper-Without-Margin-8-x-10.5-Yellow-Pack-of-500/36754548

Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 23, 2016, 05:07:51 pm
I'm not sure if I can fold a yellow letter in three and mail it.

I'm not sure if I want to use envelopes as they are expensive and would require more printing.

I am pretty sure that I'm going to have to use the services of a professional printer. I currently pay someone to print, fold, stamp, and seal. This will work 1,500 at a time, but probably not for 30,000, which is what I plan to be doing this time next year.

Also, on Monday, I will be purchasing all addresses from the property appraisers of the 5 nearby counties.

Do you physically inspect every house you get a call for? Is there a way around this?
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on October 23, 2016, 05:57:46 pm
I went to Walmart and. they had 600 sheets, in the form of 12 pads with 50 each. They didn't have what was on the website.

Either way, I'm hoping the success of this business doesn't rely on using white versus yellow paper, and I don't think it will.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 02, 2016, 04:08:05 am
I just ordered list of all parcels for the 8 closest counties. I can make absentee owner's lists out of these.

I will have far more addresses than I can afford to mail to, probably numbering over 100,000.

How can I target this list more accurately?

What do you think about sorting it by zip code and mailing to the "less fortunate" areas of town?

And while we're at it, I might as well give back to this forum that has been so gracious to me.

I haven't gotten all the data, but I expect to get well over 100,000 leads for a total of $185 by contacting the property appraisers.
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 02, 2016, 12:14:24 pm
I'm going to use yellowletter.com on my next mailings to do my post cards. I was saving 10 cents per post card doing them myself, but after buying the ink and paying my sister I was paying more. Plus all the time it took me. I got better things to do, like take calls & negotiate and close deals.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 02, 2016, 12:27:28 pm
How much do you pay per letter/card? I'm at about $0.50.
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 05, 2016, 02:44:31 pm
I don't remember the exact post card costs, maybe 52 or 57 cents, but its a heck of a lot cheaper than paying my sister to do them giving her 10%

On the Mobile home deal I made $18,000 & paid her $1,800 on top of the $1500 I spent on the postage and supplies.

I made a killing, including the other deals I got off that mailing, but I cud of done so much better.

I be learning these lessons on how to delegate the work and make the beast lean and mean.

Rando
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on November 05, 2016, 02:53:34 pm
Rando,

On my recent mailing I couldn't answer about 70% of my calls, this cost me a ton of money because a lot of these people never answer when I call them back.  I'm testing a service called PAT Live, I've put my script into Podio and gave it to them.  They're pretty good at it.  Hopefully this will be my answer to my longstanding problem of phone calls...
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 05, 2016, 04:15:18 pm
I called that PAT live service and it sounds promising.

But wouldn't the people answering the phone have to be somewhat knowledgeable about real estate?

They would have to know about polybutylene plumbing, Federal Pacific panels, etc.

They told me $79 for their advanced package plus $0.99/minute with 500 free minutes.
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 05, 2016, 04:23:42 pm
I use Google Voice. It rings all my phones. I'm able to answer most of my calls, cept some come in before I wake up and I don't want to answer with half a brain. I got blue tooth stereos installed in both my vehicles so I can answer while driving.
Will Redstar get his mailings out to his 400,000 list? Including Africa? Will he ever listen to our advice? Will he ever learn? Will he ever do a deal? Will Obama declare martial law? Will Hilary be indicted? Will we find out who really bombed the world trade centers? Will they be able to shut up Trump from telling the truth?

Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 05, 2016, 05:05:37 pm
I listen to all the advice. I won't be sending to Africa.

This is kind of cool...

https://youtu.be/VDv3_KfdBs4
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on November 05, 2016, 06:15:47 pm
Red,

They're using the same script I use when I answer.  The only difference is at the end they set an appointment for me to call them back.  Once they fill out the lead form in Podio, I can see what their motivation is.  Since I still have a day job this is the best I can come up with.
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 05, 2016, 08:07:08 pm
My advice was to buy a smaller targeted list from list source or listgiant. and I advised you to do wholesaling a year ago.
You may be listening but there is some blockage between your ears and cranial crevice. I advised you to use post cards with first class post card stamps, I advised you to use hand written yellow letters on yellow legal pad and red ink with small envelopes and first class postage..
Your off doing things your way wasting your time and money and forcing me to hibernate in my cave.
Why don't you do a deal before you waste more time on this site? Cmon do a deal. Concentrate, focus.

Title: Re: Sending out my first bulk mail in a few days
Post by: Gold River on November 05, 2016, 08:45:39 pm
Hi,

    There are a lot of different ways to skin a cat, Redstar you act like the only way you will ever find a wholesale home is through sending letters, it is not but you actually have to spend the time to make it happen!

Meanwhile I have seen at least a dozen or more homes in Orlando I could have wholesaled again in the last two weeks! When you get desperate enough to make a "Real Income" you will be ready and motivated to make money!

Tell your dad you don't want his money and wait a week or two till the bills come in and then get desperate to make some money when you realize you will be broke in less than 9 months!


                  GR
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 06, 2016, 05:32:10 am
Are these homes you found on the MLS? I don't think I'm at that point yet.

I know direct mail isn't the only way, but I've heard from multiple wholesalers that it's what gets the most leads.

Still don't want to drive around hanging up, then taking down, bandit signs.
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on November 06, 2016, 11:04:35 am
What's the status of your direct mail?  No more answers until they are in the mail.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 06, 2016, 11:31:48 am
She said she'll be done printing today, so I can send them out tomorrow.

I have spent hours on the phone with various print shops getting quotes and it seems like postcards are the cheapest in bulk.

I need to call a few more shops, but that will probably be my long-term plan.
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 06, 2016, 12:20:42 pm
I was going to start a procrastinators club, but I kept putting it off.
I purchased a book on how to improve my memory, but I cant remember where I put it.  :banghead
I was going to start Real Estate but I have to buy a house first.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 07, 2016, 12:22:39 pm
Here's my mailer...

https://www.dropbox.com/s/q71jt38pkrv7gw4/IMG_20161107_113015892.jpg?dl=0

I'm going to buy some bandit signs also. Maybe I'll pay someone else to put them up and take them down.

I'm probably doing postcards next time because it's cheaper.

Now what?
Title: Re: Sending out my first bulk mail in a few days
Post by: Luke9686 on November 07, 2016, 02:30:22 pm
Send them.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 07, 2016, 02:42:30 pm
Send them.

They are sent.

Wait for calls, I suppose...

Good news is my dad said he would invest to make this large scale if I can turn a profit small scale. So I could be sending out 30,000 - 50,000 postcards/month within 6 months.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 07, 2016, 06:11:12 pm
Where the f*** are my calls?

It's been 6 hours!!!!

Lol. But seriously....

All it will take is ONE deal for my dad to invest.

I spent $750 on the mailers, so if I made $5,000 in return, that's 666%
Title: Re: Sending out my first bulk mail in a few days
Post by: Randoskie on November 07, 2016, 08:52:15 pm
Why don't you do 20 deals on your own and show the old man his son can stand on his own 2 feet
and don't need no frikin bottle feeding?
I think I'm going back to my cave.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 07, 2016, 08:59:27 pm
I'll do as many, or as little, as it will take.
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 09, 2016, 10:11:24 am
I'm sitting around doing nothing waiting for calls from motivated sellers.

Frustrating. I want to be doing business.

Then it struck me, this was what I wanted. This is what wholesaling is supposed to be.

Sitting around doing nothing.

Any work I have, I will delegate.
Title: Re: Sending out my first bulk mail in a few days
Post by: dreamchasing on November 11, 2016, 08:54:57 pm
How'd it go redstar? Any luck yet?
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 11, 2016, 09:19:16 pm
How'd it go redstar? Any luck yet?

No calls yet. Mailed them on Monday. It's Friday.

They were sent standard, some to as far off as California and Puerto Rico, so they may not have even arrived.

Next time, I'm going with a 6x9 postcard.

I'm going to send out a mailer on the first of every month.

If I had gotten calls, you would have heard about it, trust me.
Title: Re: Sending out my first bulk mail in a few days
Post by: dreamchasing on November 14, 2016, 11:28:25 am
Excited to hear how it goes for you
Title: Re: Sending out my first bulk mail in a few days
Post by: Redstar1324 on November 14, 2016, 01:07:41 pm
Excited to hear how it goes for you

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