Be aware there are federal laws concerning approaching people in foreclosure, so don't go at it as if you are going to stop or solve the matter for them, just keep it as a sale inquiry. :)

The issue however is not one that should be taken lightly or swept under the rug, but should be strategically considered and approached.

I'm always interested in a unique approach to marketing.

So I have 3 deals under my belt..a 3 unit, 6 unit, & a 9 unit. Currently working on financing the rehab of an 11 unit. So I'm getting decently familiar with commercial lending.

But this one building has been st...

Do you have any advice on how to approach these individuals, in other words, should I just come out and state what I do and ask for leads or is there a more methodical approach in your experience?

The more educated I become on REI, the more apparent it is that my market is anemic for the conventional REI approach.

Thank you for your advice on the contract language.I like the 'Net' approach, because I plan on negotiating the penalties and interest.Thanks again!

Unless this is just an inherently bad deal, it’s probably best to avoid a scorched Earth approach involving suing your partner for something you would have to pay for anyway or whenever you get upset.

I think that development is needed in our area, but I need to explore how exactly I should approach that.Any comments or suggestions would be greatly appreciated.Thanks, Josh

I would like to cash out.Should I continue with the approach I'm considering above or is there another option you think will work here?