Hey gang, my 1st mailer hit Monday 10/9. Here’s the lowdown so far:
Mailed 1,550 letters over 3 different counties in 3 different states in the midwest, mid-south, south (approx 500+ in each county)
County #1: Bombed. I way underpriced, offering $1k/acre when in hindsight it should have been $3-4k/acre minimum, if not more. Lot of hate calls from this one, and so far nobody is interested in selling.
County #2: A few tire kickers, but not much. Not even much hate. Strangely quiet. Once again, I underpriced by at least 50%.
County #3: Has been successful so far. Have bought several properties, and have 4-6 more in the pipeline to buy. There has been a lot of interest from sellers, and I have buyers calling the last few days on my recently purchased properties. They will sell hopefully by the end of the weekend. I am buying these properties for approx $1k/acre and reselling for between $3-4k/acre. The first sale will recoup all start up costs from the Land Academy course, mailer, etc.
I knew to expect it, but the first week or two of hate calls was jarring… Now I couldn’t care less. It’s laughable once you get over it.
1st purchase was a lady who inherited land from parents & wanted rid of it…just like everyone else here has experienced. Purchase went as smooth as possible. She was so happy I contacted her since she had no idea what to do with it. Lots of buyer calls already on it, it will sell in next few days hopefully.
The LA vets already know, but for fellow newbies, diversify your mailers. The system definitely works. County #3 was kind of an afterthought and I almost didn’t include it. Thankfully I did. I’m definitely spending more time on pricing next mailer.
It was a little intimidating at first talking to interested sellers, but after the first few days, you know how it works. Pick up the phone & talk to people, or nothing will get done. Aside from the haighters, I’ve talked to a lot of really great people. Everyone gets their slice of the pie & wins.
I’m learning a ton every single day. Still have miles to go. This board has helped tremendously, so thank you everyone for your contributions. If I can do anything to help, please let me know.
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