Hi There,I have heard that yellow letters work.

One says BIC must write letter to approve but is checking with their underwriter.

Its been two years of just window shopping, writing yellow letters, and driving for dollars.

Hello everyone,I sent out a couple yellow letters to people who own 4 plexes and got some responses.

If the borrower writes a nasty letter and disputes the value and threatens 18 different kinds of repercussions, but does not identify a referee, that does not qualify as a legally valid dispute for purposes of redemption.Once the borrower names his referee, the current owner has 10 calendar days to name his own referee.  

I have seen these data points in hard money lender presentations, but I don't have anything in digital form to reference.  

You can do this through networking, finding properties that you like and send out letters or calling the owners, etc.I know it may not be immediate satisfaction, but given your (and my) situation we don't have much of a choice if we want to be savvy investors and deals are not readily available. 

You might have to hire an attorney and/or a CPA to advise you on the best way to go.Another thing you should do before you make any offers is to find and get qualified lending for your projects accomplished so you can have a loan letter that you can copy and include with your offers to make the current owner feel relaxed that you can close.  

Should I submit a "letter of intent" or an actual contract? 

i downloaded a form off of rhagp and posted one on her door, one on the main door and I'm mailing one certified letter.