My current lead criteria is as follows:Absentee Owned (in & out of state)Equity > 50%No TrustNo CorpOwnership > 7 years

Ok you complain to me i dont have 100 dollars I say fine then get your digital camera out spend 5 bucks in gas and take 200 pictures of potential deals and build a list of landlords and investors and buyers and rehabbers and explain to them if they close your deal they owe you 50 bucks for the lead and you will bring them 20 pics a week of possibilities based on there buying criteria.

For example older homes with upstairs built in the 1930's to 1940's often haven these walk through rooms leading to the other bedrooms.

Kim, yes you can.Brian, the lead came from a direct mail card offering a cash deal for the property.

I think to get an interior BPO spending 100 to 200 or so with pics and even a video maybe would be worth it before flying out.I hope this investment does not represent most of the cash you had to purchase a property.

Multiple leads coming in from different marketing streams is obviously the optimal way to approach it, IMHO.

But I wouldn't go plunk down the $20 grand as a lump sum either-- gonna make the bank ask where you got it and that might lead to questions you don't want to answer-- again make sure you are not paying a prepayment penalty.I would advise against the 2 year balloon.

Buying an Index Fund of the S&P 500 (500 largest companies, so not likely to all go bankrupt) and never sell, but have methodical buying leads you to buy more at the bottom.

Then if they don't have it, I can give the notice on the 2nd and save 4-5 days of "kick out lead time"There is nothing about a required grace period in the state statutes, and I don't have to allow x days for mailing.

Great Info Chris...except discarding the reo's , There has to be a way of working those leads-short sales?