The "option" linked by Brian is an attempt to circumvent the due on sale issue, but 1. it's not a true option as it contains a contingency on performance, an option can not be contingent on any matter, and 2. there is no guarantee that a lender will buy the idea as not giving an equitable interest to the optionee.

This is why for new agents they have the website they give you, business cards, etc.They want you to feel a sense of obligation to them so it will make it harder for you to leave when you search out a better commission split etc.

Then again, I also use my credit cards for anything I can.

The repairs made by the buyer add to the value of the collateral, which benefits the holder of the LC.But the LC investor is stuck with paper that they'd have to take a huge hit on to unload, if they could find any buyer at all, since the loan amount is small and there is little or no true buyer equity, certainly no equity under a "quick sale" valuation (30-day sale) that most investors would want to apply.So it can be a great investment with very high ROI if viewed simply as a long term hold.

I remind them of late fees due and tell them "Now you're late and owe a late fee, just like you do if late with your credit card company.

What I have found is taking a picture of the vacant property, creating a post card and then send it to that person.

They can simply get a bigger fee from true cash buyers as they dont eat up their margins with the extra costs.

Most of the houses I look at need a lot more work so I wanted to check if this was true.

You can also reduce cost by going with a post card instead of a yellow letter.

How will they remember you after receiving a few of your cards or letters?