Casually talking to someone and he says he lost his job and he wants to get into" house flipping" ...the market is insanely hot here and there are very few deals and there is a foreclosure coming up that meets my criteria finally ...he says that is the one he is going after to flip and that he has a family and he needs the money so I should sit this one out !

We finally got in, and the bones of the unit are 100% solid, but the tenant absolutely must go for this to be a successful deal.

I believe its easier to lose short term versus long term, long term allows you to pay down the principle and hopefully expect some appreciation, i think the final goal should be to have properties free and clear some day, if you buy right and hold the property, manage it well, i see it hard to lose money over a 10+ year term doing the buy and hold scenario, on the other hand you can easily lose money buying and selling several homes yearly.  

Mike - Finally we all must live with ourselves!

Finally-direct mail campaigns work with constancy. you need to send several mailers - I would suggest giving away some free info on the market to value their home and grab their emails on a landing page. good luck

Hello my name is Blake Van Ness and I have been listening to bigger pockets for a while now and finally decided to join the community.

I just been sitting on it to finalize becasue I don't have need for the cash out yet.

So I guess we wont be recommending him anytime soon :(But we are happy that we finally got the floor plans, yay!

Luckily I got him to pay the last  So I did my final inspection on the unit and deducted the damages and returned the remaining deposit.  

Then make sure it is properly served (i.e. personal service, substituted service on another person, or "nailing and mailing").Then wait the 3 days to see if the tenant pays.