Five people left me voicemails today from my yellow letter campaign...what now?!?! I'm a total rookie.

[Logan Allec]

When I call them back, what should I ask them?  When I meet them in person, what should we talk about?  This is all new to me!

My goal is to finance a fourplex using FHA financing.

[Ryan Dossey]

Congrats on the campaign and people calling! Ask them everything. Is it owned free and clear? What do they owe? What deferred maintenance needs to be done? What is it rented at? What are the expenses? Why are they selling? What is the condition? Ask for profit and loss statements if they have them. What is their asking price? Are the tenants on leases? What kind? Being a 4plex comps can be ran via MLS. Try to get that done before you go so you know what it's worth. You can ask most of this on the phone. You want them to have equity and be motivated. You find that combo and you found your 4plex. I would look into some other options other then FHA if you are looking for a low DP some banks offer only 5% down mortgages if you search you can see that the FHA vs Conventional has been beat to death!