Posted by Ronald * Starr(in No CA) on July 15, 2003 at 18:45:33:
I doubt that there is any differenciation by state of residence. When I did it the first time I wanted to buy rentals for long-term hold so segregated by the preperty characteristics such as age, sq ft, bedroom and bathroom count, etc. You might try to do the same. If you are planning to do real estate merchandising, whereby you buy and do a quick resale, you might still do some selection–such as quality of neighborhood, sq ft, assessed value.
I also targeted longer-term owners, figuring that they would have more appreciation behind them and thus, even when selling below market value, they still would have a profit.
Think a little bit about the people most likely to respond and give you the type of deal you need. Otherwise, you are just doing a broadcast marketing approach and mail to many folk.
By the way, I’d recommend mailing to “out of area” owners, not just out of state. Maybe those at least an hour or so from the property.
Good Investing***************Ron Starr************