By my calculations, if you financed about $75K at 30 yr/6%, your payment would be about $450, leaving you about $100/month.

I was thinking $25,000 but that doesn't leave me a whole bunch of room to negotiate.

I could write a book on talking with sellers… and how to deal with situations… etc… But I will leave it at that for now.

You'll not only let them out of their lease, you'll pay them to leave!!!

On deals where you plan to rent, lease option, seller finance, or hold for any amount of time, which do you guys normally do? Obviously both have their advantages...but what strategy do you prefer?

I can leave a unit vacant for awhile and not be hurt financially very much.

But DOM is still less than 3 mos.We need to put together a CA pool, because we are still having MORE people coming into the state, then people who are leaving, so you know housing prices WILL go back up.

Don't forget to add in all the items that everyone leaves out of their APOD when they are marketing their property (management cost, repairs, professional fees, etc) With a 12 unit depending on what your business plan is shoot for $800-$1200/month positive cash flow.

I want to start leaving letters at abandoned or empty homes in an attempt to reach home owners and I was wondering if anybody that had applied this strategy had an example letter of this sort..I was thinking to just write to call me in case they are willing to sell, but then again, without a properly written letter, this might backfire as people might not understand my intend.. so before I write one of my own, I was hoping to hear some suggestions , so please share if you know anything about this topic.

If nothing is done by March 28 the city will tear it down, leaving the note holder with nothing but a vacant lot.