Please feel free to reach out directly with any specific questions. 

This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.

@Waylon Zook , I have and at least the institutions I requested service required 2 years business taxes, and a few other items.

I estimate from the monthly payments that I probably at least was paid back the amount I gave him, but really no gain for me in that sense, almost like an interest free loan for 5 years. 

We may habe high property taxes but our rents are high with increases quite common, and insanely low vacancy rates.

. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.

Feel free to share your experiences!

Some investors who want a hands free experience, PM is great.

I got it through a tax sell.

BP promotes it as a free upgrade for paid members and probably gets a small kickback every time a member upgrades to a paid account.RentRedi isn't for everyone.