Lol My phone rings and Im excited having a really good conversation capture lead see all the potential run comps then I'm like booooo numbers don't make since.

On my second deal, I just posted it to myhousedeals.com and craigslist, and I sent out personalized emails to about 10 people I know who are active investors, and my phone was ringing off the hook -- because it was a good deal, and because investors in Dallas are desperate for property.

Based on this information alarm bells are ringing loud.

Hi Nick,If you sold your townhouse for $160K, you'd probably have to pay a realtor 5% in commissions (if not 6%) which equates to $8K, closing costs would probably ring in around 5% as well (another $8K so you'd walk away with approximately $21K (this is if the buyer doesn't make you do any repairs first or force you to give any concessions).  

I found that it takes about 3 days from the day the letters go in the mail to when the phone starts ringing.  

Well, the ringing phone has started to die down from the 1st mailers.  

"East Cleveland" is a term of art that refers to the inner-ring suburb of the same name.

Except I did a drop in February with a 24% response rate and it basically had my phone ringing non stop, with 30 minute calls to qualify the leads (this was in the mobile home park space, I have specific criteria that a lot don't meet).

I proudly claimed your "poorer" label, but the uneducated I can't claim I have a Master's degree.I wanted to make an income right from the start instead of doing it for a hobby while I kept my day job to pay the bills.Your post does ring with bitterness, but on one note we agree; I would never touch a 2% deal.

I would to like get acquainted to the members of the REI club I recently joined. Maybe grab lunch and talk real estate. I've always been more of a hands on learner. I excel better with hands on methods and 1 on 1 teac...