Ideally at no cost, but obviously we are willing to pay if the services is worthy.

I noticed a lot of people doing short sales to help these individuals and decided to learn more about this from an investor standpoint.

I deal with about five national realty companies who bring me many properties to review throughout the nation.

But once an individual is faced with home foreclosure, there is very little choice but to seek the services of a mitigation specialist.

I want to give 50% of the stake of all profits, and at the end of our agreement pay them all the money they spent on advertising and on my salary plus 25% interest.I'm not sure where to look for these individuals without spending a lot of money to join investor clubs and put the word out there.

There is a minority that does underprice, these are individuals that don't do much checking on the state of the market or the like.Just make sure YOU know what homes are worth and the costs to repair things.

If you were to get approval from the city.county, re-plat the lot and subdivide it so that the tr-plex sits on one parcel, and the duplex on another, you could sell them individually and they would become residential properties (4units and belwo) which are valued based on comps and not cap rates.

They are highly desired properties, regardless of whether they are owned by individuals that can afford to live in them as their primary residence, or renters that want to vacation in them and live well for a week or two.

I also have a history of running successful businesses over the years and I deal with small local banks that know me.

i use both. letters are better because you can get more of your message to the seller. the key is to get it opened and that's best done by making the letter look personal and tailored to that individual. some say postcards are better because they dont have to open it. the one true way to know is to test both. however I use a sequence. i may start off with a few postcards, then follow up with a letter to the same list.