These are all legal tools to help seller sell that has a difficulty with low equity positionsNow if it's not low a equity but it's middle equity like $400,000 house $200,000 equity, most sellers will just pay the cost to sell which are about 10 to 12% of the value of the house when you include everything commissions closing costs sellers concessions and holding costs while it's being soldOver a third of houses out there or free and clear with no mortgages and this presents an opportunity to let the sellers know that if it is free and clear where they can do an installment sale and use their house as a retirement asset with no due on sale risk, own a private mortgage, get a cash flow like an annuity payment, and the cash flow can survive ther death and leave it for their kids or charity

I'm a technology guy, so I've looked for some niche website that does the heavy lifting for me and found things like ZilPy, rentometer, rentfax, etc.

I have been in Information Technology for 25 years, but now have concerns that constantly thinking about real estate is starting to impact my quality of work.  

Would you recommend someone local or with todays technology does it matter? 

Hi Folks,  Last few years I just added up my general business expenses: education, technology, subscriptoins etc, divided by my number of Sched E houses and added an expense called General business expense onto EACH house.I never liked that tactic.  

Or more importantly, the inability to contact a bank directly WITHOUT using one.If interested in my 2 cents, please continue reading.Being a licensed broker since 2003, and working with "banks" for the last 10 years or so, I have sold several thousand REO properties owned by banks.The last 4-5 years being the busiest for my firm, selling over 400-500 each of the last few years.I started as an investor, made contacts with banks (2nd mortgage companies) at judicial sales auctions in Chicago, and began my ancillary career as a broker for these properties.Based on what I heard during the podcast, I would like to bring up a few points about making offers on REO's direct1- The tax records, depending on the state, county, etc can be backed up for several months depending on the technology the recorder's office uses. 

What are some difficulties to grow your rental property portfolio?

However, the significant difference is that if the market crashes while you are in the middle of an apartment value-add project, you will likely experience a lot of difficulty and even a loss of the project, whereas with MHPs the project will likely continue as planned and can even get better due to increased demand for a more affordable living solution.  

I set up click2mail with the list and postcard saved so if i am working on a new list it just takes a few clicks to send to old list with postcards.I didnt do bandit signs because with technology imo it is a waste for me and you get a lot of calls but a lot of false leads as well.  

The one newbie I know who bought an in-park MH to rehab lost money on it and given the difficulty, says never again.