All Forum Posts by: Tom Bukacek

Honestly, I like the newsletter the way it is. It has a ton of content. Unlike most newsletters I get, I spend about 10-20 minutes reading when I get it. I hadn't checked my BP account in probably 6 months and the newsletter got me interested in the site again. Keep it up.

From what I understand in speaking with the owner of a Forensic Audit Company out of Dallas, TX, is that their goal is not to get the bank to produce the note or even to prevent the bank from foreclosing. Rather what they do is shoe that the note had violations of TIL and RESPA, and use this opportunity to correct the note to negotiate a new interest rate.

Specifically it's an updated approach to a loan modification where instead of the bank having the upper hand, you have the upper hand due to the bank's errors. Modifying the loan is a less expensive alternative than going to court over this (especially with all the different parties involved). Also, this process will move much quicker; you can have a response to the loan mod within 30 days.

I know of 2 different investors who have recently entered into a forensic audit with this company. I'll keep you posted of the results.

What I've found in regards to 800# versus local number is that the local number works much better. For me, I was able to get almost twice the number of phone calls. It may be a Texas-thing, but those are the results I had.

Also, as another poster had mentioned, it's a great idea to get a ring central local number. When you make callbacks, you can conference call from that same number. The protection of an alternative phone number does you no good if you return calls from your own phone number. Code enforcement can track you down pretty easy that way.

Trust me, I speak of experience! :(

That's awesome. The accidental vacant properties tend to be some of the best and easiest (and least expensive) finds! Driving or walking around with a notebook, writing down addresses of vacant looking properties, and doing some research can lead to some really good deals. The problem with me is the discipline to consistently do this.!!! Your post is a great reminder.

Austin is a great location for investing. I have been living here for close to 3 years now and have enjoyed the success I have due to surrounding myself with others who are passionate about real estate as well. Connect with me through e-mail and I can let you know about some of the better networking events in town!

Tom Bukacek
[WEB SITE AND EMAIL REMOVED]

Outsourcing hand written yellow letters is probably about 3.5 times more expensive than postcards. Buy the letters are about 7 times more effective. I have a dm company and have studied the results quite thoroughly. I don't want to sound like a commercial, but the letters really are the best way to acquire properties.