Expired Listings (for sale)- Since I am a licensed and active Realtor, I have access to the MLS and I can call expired, vacant listings and ask the owner for their business.I hope these give you some good ideas and if you try them out, you'll be surprised at how often you hear 'yes' (but not before you hear 'no' a whole bunch of times).Maybe in another post, I'll focus on what types of objection handling techniques and dialogues I use.

This technique works PERIOD.

Should I use the same techniques as some of the preforclosure guys?

(sorry to be so sarcastic) You're making this WAY TOO COMPLICATED!

I've read plenty about this but wonder if the foreign investor part complicates things.I've had good reactions to the idea of a four year expansion period, with no payouts to investors and then take stock at the end of four years.

Obviously, you CAN receive significant positive cash flow from rentals if you do the work to find great deals.I also think that he makes things WAY TOO COMPLICATED by talking about Cap Rate and Annual Loan Constant!

I think with any marketing technique - most people I know that are successful hone in on one or a couple areas.

This is complicated by the value (40k) here as it is getting harder for that part of the market to qualify for a mortgage under the current guidelines and the realistic chances of them improving their credit to be able to qualify is pretty low in that price range IMHO.

Presumably, Robert Allen failed using the techniques and super secret knowledge he sells to others.

These people send me "leads" (not deals) - I don't make it complicated.