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13 August 2011

103 letters mailed

I invested over a week HAND writing yellow letters and the envelopes. I made many mistakes and I still got 103 done.

I mailed all 103 out Tuesday (9 Aug 2011) Morning about 8am.

Wednesday afternoon I got my first call. Just about 36 hours. Not a serious seller yet. Would not give me the information I needed to form a good offer.

Thursday I got 2 calls, one to let me know that he was doing a loan modification and if that does not work he will give me a call. The second one was a good candidate. I am working with him now. We will see.

Overall, so far I have a 3% response rate and that’s pretty good on just the first letter. Stay tuned for the next letter.

On Monday 22 Aug 2011 I got a call from another person who wants to sell.  That brings me to 4% responce rate.

On Thursday 25 Aug 2011 I got a call from a REALTOR for the property I mailed to.  I did not realize it was listed.  Sorry, I dont buy properties that are listed unless its a killer deal.  He got my letter from the homeowners.  So they opened it and took action.  So far that brings my responce rate to 5%.  Much better than I expected.

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