My properties previously were from MLS and auctions, but now I've added the off-market component and have established relationships with wholesalers so my property selection is stronger.

Look at all kinds of deals Listed properties, Open houses, wholesalers deals, auctions, FSBO, and every other investor's deal you can look at.

The letter is simply to let them know I am interested in buying their home and to hopefully get some more information/see what is owed to the bank.That’s all, I was just trying to get a head start before the bank takes this property over or it goes to auction.

And due to older house-trailers are often, not finance-able, through ordinary lenders; in the last crash in U.S. real estate, as it played out here in Idaho, the good buys on house-trailers on lots, were not through realtors, but through quick sales, done in weeks, cash-only, or through auctions.

Here in Texas, you have to give the trustee the funds immediately after-sale or they will just auction the property again.Right now I am finishing refinancing a property that I bought for $141k and the lender is going to give me $144k back to get the next one.

We ran into a similar issue when we started with a property coming up at auction as we were JUST starting to set things up.

Auction- potentially going near 1 million, but 35 days closing with a nonrefundable 100k ( I wouldn’t want to go over 1.2 total with buyers fee 8% ) Me personally - net worth 1.2 Liquid- 400-500kBanker- 700k - I have a good relationship with my banker, but I have trouble collateralizing 700k.

I have been watching the auctions and am ready to bid.

I'm also looking in the areas mentioned and have found some great deals on MLS, through the deals here on BP, and am now investigating auctions...good luck!

Found this deal on Zillow as I could qualify for traditional finance but couldn't go to Auction which is my strategy overall.