Featuring Jeremy Chartier at Tall Pine Properties
4-Plex Brrrr, $2,300 cash flow, and $45k Net
Jeremy started investing in 2022.
He has some rentals in Milwaukee WI, but he primarily invests in Southern New Hampshire. He’s done 4 off-market deals since he got started and is now working on getting 9 more done this year.
This mailing campaign was a 2-for-1 on a Ballpoint marketing campaign of a few thousand mailers; 2 deals were pulled from a relatively small campaign of 3,500.
Let’s dive into the juicy 4-plex he grabbed!
Mail from 10 months ago!
Javier mailed this absentee owner of the 4-plex in March 2022. The sellers responded in January of 2023 by saying this:
“I’ve got this stack of mail from other investors, but I decided to give yours a call first.”
Jeremy used the Famous Greeting letter on an absentee list with equity.
The owner of this 4-plex had owned it for over 55 years and self-managed and made repairs himself the entire time. He didn’t want to worry about the upkeep and maintenance any more, so he saved Jeremy’s letter and called when he was finally ready!
The second deal – $45k NET
With this mailing, Jermey also pulled a second deal.
A single-family house that he wholesaled for a $45,000 assignment fee.
- How many mailers were sent: 3,500
- The list: Absentee owners of SFR and 2-4 units, w/ equity.
- Mailing piece: Greeting Letter
- Cost of mailers: about $4,200
- Purchase Price of 4-plex: $400k
- Repairs: $100k
- Strategy of 4-plex: Brrrr
- Cash flow: $2,300
- Assignment fee from 2nd deal: $45K
- ROI of mailing after 2 years: 151%
Lesson: Plant your seed with mailings. We hears tons of stories about sellers saving our mailers for later. Our mailers STICK out from the stack of mailings that sellers receive.