Trying to slice every deal thin in your favor won't win you any deals.2nd, unless you are offering mostly or all cash, there is little flexibility in the price.

Portfolio loans could have some of those features or all of them.  

Direct mail is simply promoting to your audiences through the mail.Depending on your budget, you may want to advertise to one or all of the seven prospect types mentioned above.

But, even there, if the if the original loan was refinanced, some or all of it may be subject to claims.Deficiency judgments on short sales and deeds-in-lieu can happen in many more places.

And im one of those few who believe Fannie Mae, Freddie Mac should be shut down, and only people with a stable job, decent credit, and 15-20% down or all cash should be allowed to buy homes.

Time for Oral Chemo Therapy but mom can't handle it and her body is too damaged by the previous chemo/radiation to go through it again.

Direct mail is simply promoting to your audiences through the mail.Depending on your budget, you may want to advertise to one or all of the prospect types mentioned above.

Michael - the 90 day letter switch up, is this for sellers who have not responded or all?

Commonly known as and more specifically described in Exhibit "A" attached hereto and made a part hereof by reference, together with all tenements, hereditements and appurtenances thereunto belonging.For and agreed sum and for good and valuable consideration of the covenants and agreements on the part of the Buyer, Seller has agreed to sell and convey to the Buyer and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract, which terms and conditions are incorporated in this Memorandum by this reference.Except as provided in the Contract from the date hereof, Seller shall not have the right, with respect to the Property to enter into any new contracts, leases or agreements, oral or written, without the prior written consent of Buyer.This Memorandum is not a complete summary of the Contract.

Don't use any of your own cash or credit until you know what the heck you are doingWhile I can certainly appreciate the ability to do deals without your own credit or cash, I would suggest that newbies take caution with this advice, in fact, other than using partnerships, I believe it is for the advanced investor, not the beginner.If you use OPM (other people's money) and credit as a newbie, and then lose some, most, or all of it, you will kill your rep, your ego, and if borrwed from the wrong person, yourself.It is important to understand the fundamentals of your strategy and how to properly execute them to avoid losing your money or that of OPM.