What r the key items I need to put in my letter?

Someone noticed that the house didn't look right (garbage and house items all over) and called the cops.

I realized that I'm in the early stages of acquiring this property but I'd like to have my lender nailed down before this goes much further.Right now I've contacted my bank to see about a traditional investment mortgage but I'm thinking that a hard money/private lender of some sort will be a better choice since I'm planning on doing a few quick renovations then putting it back on the market ASAP.

The market bieng the way it is, I'm also very interested in the most efficient ways of doing this besides bandit signs and other traditional ways I've read about.

ThanksI am not the person who normally changes out the items.

The RTO situation is not all that different from being a traditional landlord.As you are in a buyer's market I think you should delay any purchases and focus on reading up on being a landlord.

Some will go to 100 loans per investor.Or take them to the commercial lenders who will provide a blanket loan solution.You can not take them to traditional lenders who expect to resell the loans as there is a limit of 10 loans in the resale market.John Corey

.$130,000 Purchase price $2,600 Purchase closing costs $25,000 repairs $12,600 interest (computed on above items, 16%, 6 mo, $157,600) $11,900 points (computed on above items, 7 points on $170,000) $3,000 holding costs (insurance, taxes, utilities) $17,600 sales closing costs (6% for agents, 2% for other costs)$202,700 total costs$220,000 sales price $17,300 potential profitThat's sort of a worst case for the hard money costs.

Mostly folks who become RE rich but cash poor while they wait.I sent you a PM on a related item.

That is probably a backward strategy not traditionally known in the business, but maybe it is.As for liability, I wonder if a good insurance policy exists for homeowners who rent.