I beleive in a plan, it is vital, it is needed to help with focus.

No modification or change in this Contract shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

No modification or change in this Contract shall be valid or binding upon the Parties unless in writing, executed by the Parties to be bound thereby.

Grammar and the ability to communicate well are vital to any business.

I am considering stopping the follow up at a sale date because no one is motivated because they will file BK or try a modification.

Who knows though, that would also be expecting some sort of logic out of the same bankers who would rather foreclose on a property than let a loan modification go through...

You need to at least do mailers for 3 to 6 months to get a CONTROL for your numbers and returns.You need to understand if you are getting a bunch of calls from the mailer than the message is affective you are just getting there TOO LATE from what the sellers are telling you.You have to analyze how you can get in early than everyone else.I use to mail to pre-foreclosures.Most investors were lazy and bought these lists from companies that assembled the notices.Instead I pulled the info from the court like these companies did.This gave me 1 to 2 weeks head start before most of the competition.Then by the time the others piece came in the mail I already had the property listed for sale.I beat out the mortgage brokers to refinance,investors wanting to buy,wholesalers wanting to lock up,loan modification companies,attorneys wanting them to file bankruptcy,other brokers and agents trying to list the property etc.Getting there first and becoming the authority in your area for doing deals is critical to success.Out of the 900 mailers you need to assign a code to those so you can log how many calls are generated from that mailing and how much deals are closed to get your return on investment.For my real estate listings I have people call sometimes 6 months to 1 year after I have been mailing them once a month.The key is to have targeted marketing so that you continously close deals in between the new contacts so you remain solvent and profitable.

If you have capital, then SEO and ads can be vital forms of passive outreach/marketing.

Our focus will be on wholesaling, rehabs and eventually adding renal properties.Obviously networking will be vital so creating relationships with others so we can start our buyers/sellers lists and get help as well as help others in the businesses.Lastly getting funding is another big issue, I have a few leads, but I am thinking hard money will be needed starting out.Hope to get to know several members and hopefully help each other in the future.

In other words, it's hard to know how much work it needs so you need to be conservative and plan for the worst.The consideration of income stream value applies to NPN primarily in a reinstatement exit or modification scenario.