However, remember quantity does not equal quality.

At the same time my "passive" cashflow would be accumulating through the leases and quantity of properties in my portfolio.

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

This all may not be everyone's taste but we felt it was in harmony with the location.

But,expecting to buy it for $20k--unless he's not been following real estate prices for many decades, that would seem to be unlikely.Use this letter as a jumping off point for a larger letter writing campaign and you might snag a deal through the quantity approach.

I would be wary of using it, especially in large quantities and for real goods.

Gunnar,Thanks for the reply.To make sure I am understanding you right, it sounds like it is a 'standard partnership' using an LLC, that I assume the different members have different quantities of shares depending on their percentage of the investment?

I've resorted to driving for vacant and dilapidated homes, and mailing them, just because it's more targeted and cheaper because it's a lower quantity of leads; also, I'm on Zillow everyday with saved search.

Lastly, since I live on a state line, would I have to get licenses for both KS and MO in order to serve the highest quantity of clients?

For those of you who own significant quantities of units, how do you handle scaling the business?