Another powerful internet resource at your fingertip with multiple uses.

The HML will want some skin, plus you'll likely need cash to cover the first round of rehab, pay interest during the loan term, maybe pay points up front, cover utilities and insurance until the property is sold, and possibly cover rehab cost overruns.

Your client needs some serious skin in the game if your credit is on the line.

Not every distressed owner is looking to sell, those that are may be getting marketed from multiple sources or want to sell traditionally.In terms of follow up, I typically try to bring written offers directly to sellers if they are local, and if not I do mail them.

Sometimes I do get multiple people there at once, but then they can each see there is competition for the house and they are not the only ones interested in it.

After bringing in multiple contractors I've made the decision to tear down the houses.

I also dont multiple my rents times 12 lol.

There are also multiple exit strategies.

That being said they will want you to have some skin in the game.

This property will receive multiple offers and will not last to investors.