(so that you don’t lose your shirt)4.Learn how to turn your deal$ into ca$h.5.Is your marketing Working or Not?

Like a card player going into a game without sufficient reserves for a bad or misplayed hand, you need to bring money into this game or risk losing your shirt.

For example, I recently had a client who had some equity in his home, but not enough to cover the repairs needed to sell it or the closing costs required to close (commission, transfer stamps, etc.) without taking money out of his pocket.

Yes, I'm still seeing recording take up to 90 days in some locations...in others it's only a week or two...The three MLS systems that I'm a member of all have requirements that property status information must be updated in the system within a day or two -- if you close on a sale and don't update the MLS listing within a day or two (specific time limit varies based on MLS), you will get fined.I don't know any agents who ever even check on the recordation status of their properties -- the closing agents generally just tell the buyers, "If you don't get a stamped deed back from the county within a couple months, let us know..."

., the guy who just about lost his shirt and needs to liquidate his assets for $0.70 (or even $0.85 for crying out loud) on the dollar--and these kinds of people typically would need a cash, not an FHA, buyer anyway--or that older widow who's sick of dealing with tenants but still wants the monthly cash flow and would be open to seller financing.  

Luckily we did not use any of their suggestions (requests), otherwise we would have all lost our shirts!  

does anyone know any grant programs in the ny area , looking to buy an investment property as first time home buyer but not looking to lose my shirt

I have read all the different ways you can increase your response rate, with things like adding a piece of candy to your letters, or using more than one stamp, or using blue envelopes, etc...What is the craziest combination of marketing you have done and how did that impact your response/deal rate?

., the guy who just about lost his shirt and needs to liquidate his assets for $0.70 (or even $0.85 for crying out loud) on the dollar–and these kinds of people typically would need a cash, not an FHA, buyer anyway–or that older widow who’s sick of dealing with tenants but still wants the monthly cash flow and would be open to seller financing.

Been there, done that, got the yucky t-shirt.