I just thought I'd share a conclusion I reached after sending out my first batch of yellow letters about a month ago...Like most new real estate marketers, I wanted to make sure my mailing was perfect and would give me the most bang for my buck.

These are not 30yr fixed rates, usually ARMS or Balloon notes.

A straight forward Letter of discharge was not something they would entertain.

You can cancel the the contract and get your EM back.orYou can talk to the seller to figure out what's going on and let her know you think she should honor her contractorYou can have an attorney write a strongly worded letter saying you will sue on the contract (but you won't), hoping she'll performor You can offer to settle it with her.

Was looking to purchase something like this almost to the letter this past summer.

Are you aware from lenders have anti-flip clauses in their approval letters?

What is the best way to approach them - cold call, letter, referral from someone else?

I just got done listening to podcast 21 with Jerry and he mentioned how he does his own yellow letters.

Worth a try, but interest only at 6-8% with a 12 month balloon is still a win.Your description on how it'd go down is pretty accurate.

Should I send the same letter I'm going to send to the other properties?