The chances of a person applying to my house showing up in that database (good or bad) would be pretty slim.I personally think that site has a bad business model...

I think that's a much better chance than trying to force the tenants to accept a revised lease, where frankly, I see no leverage at all (other than to say: "pretty, pretty please").

Pete so I would have a chance to bring lots of buyers by this lovely home.I have a friend that needs to get off his duff and purchase.

The more intimate the interaction the better chance you have of uncovering what their fears and needs are which, if properly addressed, will give you a much better chance of converting that prospect into a private lender.

@Joshua Dorkin Any chance of a BP app coming soon?

I am a United States Air Force wife currently stationed in Northern California.Due to the chances of instability of a home, I found it hard to utilize my Criminal Justice degree, so I developed an interest in network marketing and real estate investing.

Before I have a chance to pitch them I need to know them, do you think this idea has any hope in getting me to that point, or what should I change about it?

I don't see this deal going well, when you have no real cash set aside for problems with the property and especially the chance of not tenants.

Take chances because you never know who you are going to meet or who might know someone that is looking to get into a deal of some sort.

Writing a good demand letter that will motivate a current or past tenant to pay up is an art.Collection agencies can help in some cases, but I've learned if the judgement is not in the thousands they won't put many resources into it and the chances of their collecting from someone who doesn't care about their credit is minimal.