Got 11th deal today – sold for 5,000, all in for 1450.00 – 3550 profit (plus interest of about 1800 if he goes full term).
Buyer put 500 down, put them on a term deal for 6 years at roughly 99.00 a month at 12%
Buyer works in the office of the Governor of Colorado!
Steve Butala talks about how these lists can yield results months/years after they are mailed. I got commitment from someone I bought some lots from months ago who agreed to sell me 3 more 5 acre parcels. I am paying a bit more, 2k each instead of 1450. Good news is I have a growing buyers list and have at least 1 sold, and hopefully all 3. Will make a little less on each of these, but if I sell at least one for cash and get 500 down each for the other 2, I will have recouped my outlay and and a good chunk of terms payments.
that means this one mailer will have yielded 14 purchases (and sales) if all goes according to plan. Will update as this progresses…
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