I finished researching the courthouse records for the subdivisions I will be targeting with my postcards. All-in-all the entire process took me about 2 hrs. I had a lot of automated processes in place that eliminated most of the tedious work. I also learned more about real estate records in the state of Texas that will help me down the road. Here were the statistics on the subdivisions:
Sub Total Foreclosed Valid Properties
# Properties Properties Properties w/Lien(s)
=== ========== ========== ========== ==========
1 208 2 83 1
2 228 4 87 8
3 433 6 345 15
4 163 0 50 0
5 113 0 85 0
6 438 10 268 22
7 402 0 314 40
8 541 5 288 16
========== ========== ========== ==========
2,526 27 1,520 102
My first mailout will hit those properties that have existing leins as this may be homeowners who are just starting to get into trouble. The remainder of the mailouts will be all evenly divided and distributed so that every homeowner is mailed a postcard every four months. Therefore, my mailouts will look like this:
Mo S1 S2 S3 S4 S5 S6 S7 S8 Ttl Cost
== == == == == == == == == === ========
1 21 22 87 13 22 67 79 72 383 $ 115.93
2 21 22 86 13 21 67 79 72 381 $ 115.33
3 21 22 86 12 21 67 78 72 379 $ 114.72
4 20 21 86 12 21 67 78 72 377 $ 114.12
So I'll be averaging around $115/mo for my postcard mailouts. It's a little higher than I had wanted, but will more than pay for itself with just one solid deal. I'll keep a record of the number of calls I get and deals I make, so that I can tweak the marketing a bit to suit my needs. I
hope to generate at least 10-30 calls a month, and make at least one deal every other month, but I'll have to see. I'm also going to start a flyer and door hanger campaign to those same subdivisions on a periodic basis as well as others.
2 comments:
I've read your blog starting from a year or so ago! You have shown incredible drive and effort in trying to make it in real estate. Real estate is getting to be a very tough business at this juncture. If you channel that same time and energy into another direction (concentrating more on your current job, maybe), I think you will be extremely successful. Best of luck to you and your family--I wish you much luck and success.
Thanks anon. I over 40yrs old nown, and the one thing I've learned is that you have absolutely -0- control over your life working for someone else. Sure, they'll feed you a carrot and pat you on the head every now and then, but when it comes down to it, you are just an SS# in HR's records. Yesterday is history - they wanna know what you can do TODAY. Slip a little in your skills, and you're out the door. Even then, through no fault of your own, you can be laid-off - tough-titty, here's some severence pay IF you qualify.
Sorry if I came across a little coarse, but nothing lights my fire more than talking about the good natured corporations in America today. The bottom line to them is stock value appreciation - period.
I urge you to read "The Corporation - The Pathological Pursuit of Power". It's really a great book for understanding the power and inhumanity corporations exhibit - not only for their employees, but for EVERYONE.
Post a Comment