Probate Monday: Gearing Up for Another Mailing

Scott CostelloAll, Blog, Probate Investing 10 Comments

Probate Investing MondayWith the end of August looming large, I’m going to be preparing my next batch of probate letters to be sent out.   Unlike most prior months I’ve been waiting for the beginning of the month to put all the letters together, stuff and stamp them.  This usually takes me a few nights and the letters don’t go out until the end of the first week.  Not this time!  They will be sent out on the 1st.

I also have post cards going out to my June list.  I’m still going to be using the same old postcard, but I’m going to try and add one new item to it.  I haven’t figured out what the is going to be yet though.  The reason is that I want to continue to test and tweak, always looking for the best combination of words, styles and colors.

So far no lead has worked out yet, but that will never stop me.  It’s motivating to see people like Shae, Jason, Esi and others making direct mail work for them.  That is why it is so important for newbie investors to communicate and network with people who are actually making things happen.  They let you see that light at the end of the tunnel and provide you with a map to get there.

Review of Last Weeks Goals

Goal #1: Give my wife an awesome birthday week.  SUCCESS!  She couldn’t have been happier with how it turned out.  We had a one on one birthday celebration on her actual birthday where I cooked her dinner and made her 4 giant sized cup cakes (basic chocolate cake with vanilla icing).    I also gave her her presents which included a Hot Air Balloon ride and tickets to go see the Broadway show Rock of Ages.

On 21st we threw a huge birthday bbq with 45 of our closest friends and family.  Being the host, I was relegated to grille duty.  I don’t cook anything spectacular like ribs or steak but can cook up burgers, hot dogs and chicken with the best of them.

All in all we had a great week and I’m sad to see it go.  Next up my birthday come this November 8th.

Goals for This Week:

  1. Modify Probate Postcard
  2. Get Mailers Ready to Send
  3. Research Proof of Funds options
Scott Costello
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Comments 10

  1. Scott,
    Great job keeping up on the letters. They will pay off. Have you considered 1 followup letter to those probates from months ago? They may not have been motivated then, but they could be now.

    Also, have you considered sending the letters just prior to months end when mortgage payments are due?


  2. My budget is keeping me from sending those follow up letters out in bulk. When ever I get some extra money from any affiliate sales or adsense I will send those out.

    Not a bad idea about sending the letters closer to the end of the month. Maybe I’ll do that with the follow up post cards for my june list.

  3. Awwwww Scott awesome job with the wife’s birthday week! I always wanted to do a hot air balloon ride! How was it?

    And I haven’t sent out a mailer lately…I want to get a “motivated” seller list if possible instead of just random apartment owners….but I’m running into some issues with one of the states of interest. So I’m gonna have to figure out a way around it………

  4. Hi Brefni,

    I’m not sure if you are asking what are some of the “proof of funds” options or what exactly is a proof of funds options. So I’ll sorta answer both.

    Proof of funds is a letter, statement or document proving that you have enough cash to close the deal.

    Some Proof of Funds options are a Bank Statement, Hard Money Lender Letter, Transactional Funding, Self directed IRA statement, etc…

    Hope that helps

  5. Happy Bday Scott’s wife 🙂 Looks like you guys had lots of fun. I’ll be 30 in a few months and I think my husband has something up his sleeves. Keep those letters going out, I love your persistence. If you can add absentee landlords to the mix. The more the merrier.

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