First Mailer Results · LandMan Community

First Mailer Results

Big update: I got my first contract signed!!

Here are my mailer results so far:

Mailers sent: 1,800 total
Responses (calls + texts): 7
Warm leads (interested sellers): 4
Signed contracts: 1 (Isaac’s deal locked up)
Offer acceptance rate: 25% (1 accepted out of 4)
Mail cost: about $1 per letter → ~$1,800 total
Cost per deal: ~$1,800
Response rate: approximately 0.4%

My contract is for an infill lot in TN. The lot has some decent slope to it, but the owner claims it is buildable. From what I can tell on Land Portal, there is potential

Next steps:

I looked up builders in the area and sent text messages to them. I'll skip trace the 5 neighbors to the lot to see if they would like to buy it.

My strategy is to sell this to a builder or neighbor and turn my money quickly to get 2-3 ROAS and send out another mailer. I learned a lot already on what to do differently with the next one!

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