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

Note: this was not at the 30 day mark but rather at the 1st of the month mark.My initial offer was for $80k with mortgage contingency for a loan of $105k (to cover rehab costs), a 45 day close, and $500 in Earnest Money.

Note the section down at the bottom.I'm sure you can get an agent to sell you landlord insurance for a vacant property.

I ended up carrying the note to a homeowner for $225 a month for 20 years without doing any rehab to it.

the old full note and what they think the value is, is meaningless.

That matters because a second note investor would want to be sure there was enough room for him or her to get paid if there was a foreclosure.Are you experienced with this sort of project?

And, DID the tenant give you a note with the prior rent payment?

Just looking for some "cliff notes".

Note that there is NO guarantee values will appreciate.

Also note that you may not solicit business here in the new member introductions.