Featuring Chandler David Smith
a $1.3 MM property for $850k – 2,000 Mailers
Chandler David Smith has been an investor for 9 years. And recently, he decided to use Ballpoint Marketing for one batch of mailings to buy a 4-plex. He was expecting 1 building… he got 4. And one of them comes with construction plans for ANOTHER 19 units. As it sits, that property is worth $1.3 million but he picked it up for $850,000.
Here’s the story behind his deal…
This beautiful 4-unit building sits on a lot of land that has plans for 19 units.
Before Chandler sent out a little over 2,000 mailers to MFU owners in his area, he first saw this property on the MLS listed for $1.3 million. When he crunched the numbers, he saw that the deal STILL pencils at that price, but he decided to pass on it because he felt that it wasn’t worth taking on a construction project at that price.
After Chandler sent out Ballpoint Marketing mailers to his list, he got a call from the owner of that $1.3 million property. The owner found Chandlers letter. Turned out that the property was in contract via the MLS, but fell out of escrow. Chandler negotiated with the owner and bought the property for $850,000 (a price he coudn’t pass up even if he was going to take on a construction project).
- How many letters sent: 2,000
- The list: Absentee owners in a specific area that owned a 4-plex
- Mailing piece: Our Brand New Commerical Mailer!