The buyer receives an interest in the property—called equitable title—but does not own it.

Recently I have been receiving a lot of deals for REOs in my market passed on by Investors involved in "Daisy Chains", as some folks call them.

When you receive that list then start making offers to every single property for every single list you have from every single bank.

Most families receiving this type of assistance stay in the rental for an average of nine years, plus the government sends you a check on the first of every month for full market value rent.† Check your local housing and development authority for opportunities in your area.† Many cities are offering incentives to investors interested in certain neighborhoods so check with your city planner, neighborhood associations, and government agencies in your area to find out what may be available to you.† As with any purchase these days make sure you buy the property at a low enough price that a temporary rent reduction will not eliminate your cash flow.Offer the property for rent for $500 a month more than you actually need and advertise that discounted rent available to qualified renters.† In this case you offer to reduce the rent $500 a month if they agree to take care of any problems with repair costs of $500 or less.

Once you subtract all the deductions from the rent received, you're left with a negative number.

You need to keep the payments up otherwise someone else can swoop in and grab the next quarter's liens, and find himself in the catbird seat.

You will find many good people to share and receive information from here.

Rather than sending the same letter or postcard over and over again, you might want to create a series of sequential mailings so that the prospects on your list will receive certain mailings in a certain order.

Your manner should be informal but purpose oriented; you should aim to make a friend on the phone, but have a definite picture of the information you want to both impart and receive.

It is best to have a physical or electronic filing system for business cards, and keep every single one you receive.