=)FINALLY I've been able to save a bit of money and the value of properties are dropping into non-idiotic ranges here in the LA area.

Finally, compare that to the listing price and see if its worth pursuing.

No wonder we are in a RE meltdown.Too many people are trying(& buying) that have NO money.Bad things happen guys.You need cash to smooth out the unexpected.2.I'm guessing 99% of the people here own NO RE.I have read only a few posters who i'm sure have real world experience3.Too many people jumping into RE blind.4.People who buy books,cd's,dvds & attend seminars are idiots.A few final thoughts...Bad things happen.You WILL buy a property with a HUGE unexpected problem.Plan for it.You will have a renter smear feces on the wall the day before eviction.You are the ENEMY in almost every tenants eyes.

I like letters as we have probably had more success, but am also a fan of a two sided color postcard.You can write out an address real quick, put a stamp on it and fire it off in seconds.Letters take a little more time.We have had good results on both.We like to keep an excel spreadsheet on all contacts with date of contact and results (talked to them, they called us, they want to sell, they dont want to sell, etc.).we also like to drive by those properties that people are on the fence or saying maybe - and take a photo of the property and create a file of notes for when the owner finally calls and says yes.i hope this helps - we have a few other marketing things we do but you just asked about postcards.Brad McLeod

I have to say that I am finally glad to see that someone has put online what they went through to buy an REO and do the rehab and everything, gives me a little more hope and information that could help.Question though:As I have yet to put an offer in on a house, when you purchase an REO do you need to have a proof of funds available for them to see?

That is much better, glad they finally changed that.Well, you should report it on your Sched.

We had to repaint the entire apartment and finally the odors diminished.

I looked at a lot of services, and finally went with a prepaid Verizon Wireless account.

The condition of the carpet wasnt so great before..very worn down. and what was i thinking..well actually my dog is fully potty trained...but my husband wanted a puppy..after i said no its a pain in the A$$ to train them and theyre too much work..hah he said oh no ill train him...well a year later hes finally trained..not because of my husband lol. anyways its cheap carpet and wasnt in great condition before...it had definatly been professionally cleaned before hand but with a oil based soap because a few staines came up as we lived there.

Need some financing ideas for a 5 plexI finally found a property that looks good…so far.