This posting is officially my 200 post on Bigger Pockets. Wow, I feel like I need to get a life. No just kidding.

Seriously, great site and amazing that with 200 posts I am still not even in the top 30 of posters on ...

We have been together now for 2 years & are finally getting on our feet after both divorces & her robbing him blind - LOLNow my question - LOLWe would like to get back into REI - we are working on Re-financing now and talking to a relative for investing & may have access to between 10,000 - 20,000 for investing.

That is the 50% rule.As a screening tool, a property will generally need to generate about 2% of the acquisition cost (purchase price + rehab cost) to have an adequate cash flow.

First, I’d like to explain what “Mary” letters are.The purpose of direct mail is to communicate and cause a desired reaction; your mail needs to be read and responded to no later than your last and final mailing.

The commission I pay is also credited to me as a portion of the final sales price when I buy it at the end of the lease.

thanks beachbum, that is more along the lines of what I was thinking.to make matters worse, during our final rental month - October the landlord also mowed twice.

Lease options are great because you can get some money down that is taken off their final purchase price, plus we usually charge full appraisal for the purchase price.

I have been looking around Bigger Pockets now for a couple months... and have finally decided to join in.

I know I developed mine from several classes and then working with some fellow investors to finalize the ones I use now.

im trying to become more acquainted with the foreclosure market and have been doing some research on certain foreclosures here in my area but i am unable to make it to the auctions to see the final selling price and to see if the original lender was the one who purchased the property becuase i work monday through friday.