It seems the best/most common method is to sign a Promissory note, they will wire the money to the title company prior to closing and receive a Deed of Trust at closing placing a lien on the property.

No other way.Every document she offered to show you can easily be forged and there are numerous offers on Craig's List to produce those documents for willing parties.If you did, for some wild reason, decide to forego the credit report and accept the documents she offers.

However, if I value it using the cap rate method assuming a cap rate of 10% it comes out to be valued at about $92k ( $9,190 NOI / .1 Cap rate = ~$92k)The property seems like it will cash-flow about $400/mo (without PM) under these conditions according to my spreadsheet analysis.

As a budding CRE broker, i'd like to hear your method on how you got that off-listing with the $0.34 mailer that netted you about $30,000.

You can join my program for half that, you get daily instruction via my secret internet forum reply methods that have been proven to be successful for thousand of investors.

Because I'm military I mainly bank online but if I were able to establish a local branch bank that was convenient to my tenants and just transfer that money to where I need it online that would be great.A lot of these problems result from being a long distance landlord and being across the country from my properties, but I'm glad I can figure out the best method of doing business now so when my portfolio gets bigger I can maximize efficiency.

But on the other hand, I've bought numerous properties with tenants that were not paying the current land lord, and after I purchase the property was able to get them paying and avoided eviction altogether.

@David Krulacthis topic has been brought up numerous times at our REIA meetings.

Contract for Deeds or Land Contracts were the most popular method of doing installment deals, but due to the new laws and issues around unlawful foreclosures I' m not seeing much use for them now, without major modifications to the point that they really wouldn't be seen as the old CFD.

It forced me to do another method and that's how I picked up deal syndication on apt communities.My main thought on it: if it's working for you and reaching your goals within your timeline then I wouldn't change.