Case in point rates have never been at 2% as quoted, just under 3% was the lowest.The only metrics that really matter when you try to look for a housing bubble are affordability (still excellent in my market, yellow flags on the west coast) and inventory (all time low).Supply and demand are the basic drivers, and yes higher rates should cool off the market.

My name is tony I am a new real estate investor, I recently just sent out yellow letters targeting pre-foreclosure in Portland Oregon.

Just to answer your question regarding direct mail, I've been starting with yellow letters.

So I was driving for dollars one day after checking on one of my rentals and I sent a yellow letter to a house that appeared vacant.

If Yellows then you'll need less of a number count however yellows tend to be a nightmare for some new investors as things like answering the calls, dealing with unmotivated callers and the busy work becomes unproductive.Personally I like a mix...

It will need:- New floors throughout the house- New roof- New deck- Paint, possibly even replacing dry wall (there are stained yellow patches throughout the home)- The basement to be finished- Brand New Kitchen- Brand new bathroomsI do not know the first thing about carpentry so I would have to find a reliable contractor but how do I find out the general cost for projects like those listed above in my area?

I have started a yellow letter campaign recently and have gotten some responses to it.

Do a quick search (top right corner) for "Yellow Letter" and you'll find some good stuff.

I am trying to build my contact list for my yellow letters.Does anyone know how to get a list of properties with tax liens, delinquent taxes, and tax sale properties that did not sell in auction?

Yellow Letters ALL DAY LONG!