The spread is their profit (a bunch of MLOs went to become F&I guys when the 2013 batch of mortgage regulations came out that they couldn't handle).In your case, given the numbers you presented, I'd suggest you think like a smarmy used car lot F&I guy, and go get a HELOC or cash out refinance on whatever you can.

I sent out my first batch of direct mail today in regular business envelopes with a standard paper size. 

My first exposure to the idea of real estate investing and financial education came in the form of a book recommendation in June of 2014.Most of you probably haven’t heard of it, as it isn’t very well known.It’s called Rich Dad Poor Dad ;)Well it opened my mind to the possibilities, and since then I have been reading/listening to books, following RMLS listings, and attending a local REI club.I’m a full time Civil Engineer, but want to build up my real estate knowledge and portfolio over the next 10-15 years in order to transition out of a salaried position.I bought my first home in December of 2012 with my wife and now colleague, @Kimi Nord, with a homeowner’s mindset.Now we are beginning to look at real estate differently, and are looking for another SFR of duplex as a second property to owner occupy.We began our housing search in October of 2014 using a real estate agent and scouring the RMLS.We have since come to the conclusion that using this method we aren’t likely to find an investment property that adheres to the requirements of an investor, and is cash flow positive.Our new approach is direct mail marketing, and our first batch of letters should be going out this week (fingers crossed).I have only begun to explore the wealth of information on the BP website, but thanks to everybody who is making it happen!

Hi Account Closed - I was just in your shoes and bought my first batch of liens this past December. 

I usually half a bunch pay between the last day of the month and the 2nd, another batch around the 5th, and 2 tenants who usually pay around the 9th/10th.

Currently in contract for my first duplex and just sent out my first batch of yellow letters and have a potential lead already.

Depending on the size of the batch you send, you may want to get an answering service or send all of them to voicemail instead of trying to live answer.

Everything finally fell into place once we realized that they had us going in commercial, Joseph sent out a batch email to the 4/5 people from title company, lending company and closing lawyer before he went to sleep and it had the much needed response of several emails and several phone calls later everyone was finally on the same page before ten.

Assuming the borrowers are on point with signing the additional paperwork that isn't "synced" with the normal batches of paperwork, FHA can be done just as fast. 

When your name is called it is for a batch of pre-selected liens.