Nick, I am going out to hang my first batch of bandit signs tonight.

It would be nice to have a reminder system to alert me to send a new batch of 2nd or 3rd letters at specific intervals.

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!

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.

We've sent out our first batch of yellow letters just a few weeks ago.

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

Start telling everyone you know what youre looking to buy and where.For getting property info and owner info:- Propstream- Deal MachineTools for calling and getting info:- Batch Leads- Mojo Dialer- Call RailIn terms of finding LLC info, check your local municipalities DBR and do a database search for the LLC.

My first batch of letters went out last week.

As you pursue these leads, you'll close a few and then you can reinvest some of your profits into higher end services like Lexis Nexus and train someone to upload batch files for processing or outsource the no-hit leads to a pro skip trace service.The reason I advise you approach in this manner is that many people inadvertently become data hoarders but never take any meaningful action on the info they do have.

However my last batch of tenants struggled to pay on-time every other month , were dirty and irresponsible.