I am excited to get this first flip under my belt and I'm already thinking ahead to the next opportunity.Talk to you soon,Scott Winbigler

I call this a "heads up" letter.If mailed sufficiently well in advance of sale, I'll receive a number of nixies that I can skip-trace or reverse engineer to either find the owners or buy the lenders note and decide my best play forward.Second letter might contain some special message or attention getting device to encourage that letter gets opened and read and generates a lead call (call-to-action, also know as a CTA).Time permitting, I might segment the list further and create highly targeted, specialized letters that address a host of problems unique to their situation, which I call a "Perfect Storm" letter.Ultimately, my objective is to out-spend and out-research you as my same business rival.

I did that for my first property and saved good $$ by not having to bid against investors.The best advice I can give is to not rush into a deal.

Anyways, we decided to go ahead and stick with our offer and the listing agent a few days in told our agent that the offer was accepted.

Because of this I went ahead an paid the taxes once I had the paperwork in hand.Servicing is scheduled to transfer today and the borrower called me, at home.  

Typically the agent will request a representation agreement from you when he start setting the MLS searches or before submitting the first offer, but the Investor probably has an agreement with his own Realtor to get money back or discounts in the next transactions, it can be tricky to have everybody happy in this case and it can even jeopardize the business with the Investor, but is good to clarify this ahead to avoid problems with your Realtor and keep getting leads from him.Note: for us the MLS has not been really useful to find leads here in the DC area, the heavy discounted properties are taken long before they hit the market, and the few good ones that appear in the MLS doesn't last much or get multiple offers from inexperienced investor that pay to much (and probably don't get any profits at the end)

Most small contractors need to get paid after completing a certain task, this being said.I usually set a Schedule of Values and line itemize everything ahead of time.

Hello Joe,You always want to think ahead when it comes to your DTI ( debt to income ratio ) becasue that will be a huge factor in getting conventional and government loans in the future. 

@Matthew Gallo and @Christopher L. welcome to biggerpocketsIf you are looking for an investor agent in Wisconsin, I would be more than glad to talk with you.Under the " learn " tab please look at How-to guides Milwaukee market  general questions : go ahead ask on the public forum, pleaseRegardless good luck moving forward and build a trust worthy team

If he is ok with it I will go ahead and get the three appraisals done, land, building and improvements.