Usually I'm kind of "Mr. Know-It-All, but it's been 15 years since I bought an REO and I'm pretty sure the ground rules have changed a bit.

I'm looking at a couple of SFHs in my area, $150K range, ARVs in the low $20...

there are alot of sources for marketing letters. richard roop's material is hands down THE BEST for generating leads and locating motivated sellers. there's a guy on here that has a set of motivated seller letters. will he share it for free???

That's the plan for this place on the horizon anyway.Meanwhile, I am reading anything and everything I get my hands on.

You can hand write or word process and print your letters or postcards, stuff them in envelopes and hand stamp them or you can pay a service to do all that for you.

(On the other hand, REO agents don't have to prospect for listings, only for buyers, during times like this.)

Any holes/dents in sheetrock, particularly where doorknobs hit after the tenants have broken off the door stops.Excessive dirt at the corners of walls where people put their hands in order to turn corners.Dirt and grease on stove and oven.Dirt, grease and scum on tub and shower tile.Built up crud, hard water in toiletsUnkept lawn and shrubsCuts and tears in any linoleum or carpet.Stains in carpet.Smoke stains on ceilingsGrease on range hood.Dirty windows.CobwebsDirty baseboardsCrap left in garage.Unauthorized repainting of walls.These were always the big ones, and hardest for them to dispute, for me.all cash

I'm currently writing a handful of quality content articles specifically for BP.Be on the lookout, I think these will set the standard among some of the categories I plan on submitting them to.

So far I am reading all the book in real estate I can get my hands on.

They promise the world in a hand basket if you buy their course.

But you better have a killer postcard and even better sales pitch if you are going to go door to door..and a lot of time on your hands :) Because once they are posted they are going to get bombarded with flyers and phone calls.You don't always have to have cash...but you do need proof of funds.