Unfortunately, because of these challenges Hispanics tend to be more susceptible to predatory lenders.American Home Mortgage has created a nationwide emerging markets division that addresses these mortgage lending issues and provides financing to documented and undocumented tax-paying immigrant borrowers with non-traditional credit.

Analyze them every 6 months or so to assess effectiveness and change them up if they aren't working.

Many people have told me to do this rather than wholesaling or flipping properties...Does putting a home under contract effect the seller at all or do they still get their money?

Across the top it lists the months, down the left side it lists each property with the following information: Tenant name(s), social security number (in my case they're buyers not tenants so I do need that for taxes), property address, contact phone numbers.

Now developing increased financial responsibility with what they currently have and with what they will have, will insure that this increased income will not leave just as quickly as it came, but I am just not sure that topping out a 401K or paying off all your debts is the most efficient and effective way for everyone to get ahead.

After the closing, I called or emailed all tenants that the new owner, John Doe, for example at such and such address would be taking over as of that date.

Either way using a GRM to prequalify rental deals is a quick and effective way of being efficient in looking for deals.Now as one of your "take aways" accurately stated, if your primary exit strategy is long term rentals then reaching your rental numbers is definitely more of a priority than buying at a discount.

This program of "Creative Financing" is effective all across the United States.

He asked if the lenders we worked with would take "Pink Paper" or something to that effect.

If you mail to those 1000 people 5 or 6 times you should see an increase of responses up to 3-4%.Direct mail becomes more cost effective and yeilds higher returns (5-6%) when you utilize a targeted mailing list.