i use both. letters are better because you can get more of your message to the seller. the key is to get it opened and that's best done by making the letter look personal and tailored to that individual. some say postcards are better because they dont have to open it. the one true way to know is to test both. however I use a sequence. i may start off with a few postcards, then follow up with a letter to the same list.

So a $35K initial offer on a $40K list means you will be paying somewhere between those two figures.That works whether it's a big institution or an individual homeowner.

The best I've done thus far was a 3 BR 1 Ba 1400 Sq ft SFA - middle of row in decent condition....for $22K...not war zone - this block is actually pretty decent - but two blocks down...no comment....but we're only getting $550 rent - section 8 around here is tough - very stringent regulators....

Find the average cap rate (this also varies between apartments, retail, etc.) in the specific area you are looking in (this does not mean the state average or even metropolitan area, but that individual community) and then decide if that rate or a better one will be your target price point.2.

I think some bulk deals are selling at 50% of market value and then are split up where individual properties might close at 65% at absolute auctions.

I just hit a road block and need help with trying to get past this.

The same bank may sell you a house for 60k, and it may require 20k of work, I love brick and block homes (no more wood frame, no matter how good a deal) as these are the easiest to fix and maintain.

I am not sure how they get their buyers, but having a network of investor/buyers will help move properties faster than trying to sell individually.

Does one form a company LLC and then purchase each individual investment under its own LLC?

Even those individuals who are facing foreclosure are still concerns with me taking over on payments.