I am thinking of targeting certain neighborhoods, ones that have a low enough FMV so that rent can more than cover the existing loan payment, and placing bandit signs, as well as sending direct mail postcards, and/or placing flyers on doors.

So, if the mid to top of your neighborhood is 215, then yearly increases go to roughly 225 in year 1 and then 237 in year 2.You didn't give any rent amount or rent credit amount so I will make it up.IF you set a TB purchase price of 237 and deduct the 189 you currently owe (that will be less because of 2 years mortgage payments... paid by someone else!)

The only real reason for concern might be if you feel uncomfortable in the neighborhood you are farming, but then you might want to work in a nicer neighborhood anyway.There are some specific tools that are necessary to employ this technique, for you or your help.

He especially loves their idea of sending a 3X5 Postcard of a house for sale & mailing it to the neighborhood it is in, to get buyer leads.

I've been told that letters aren't the most effective way to contact owners of large apt. complexes.Supposedly, the best way to get into the loop and have the first crack at purchasing larger multi-family properties before they hit the market is to (1) network with commercial real estate professionals such as Scott the CCIM (2) join commercial real estate organizations such as the IREM, BOMA, NAA, and ICSC or befriend individuals that are members (3) approach a property owner in the flesh and (4) network some more.You agree Scott?

When a house jumps 10% in a matter of weeks and suddenly the whole neighborhood jumps, and then a domino affect back and forth, it's no wonder there was a bubble.

After all is said and done we will have a brand new 3 family home in a decent neighborhood for 155K.

Prices were sky high here well before the dot com boom and bust and depending on neighborhood, not only are those prices still supported but they continue to rise.

www.Backpage.compass out flyers in the neighborhood in case anyone has friends that want to move close by.

When I started out, I drove through neighborhoods looking for vacants and wrote down addresses and info on about 100 houses.