In my opinion it is best to purchase with cash, refi and buy more properties.When you purchase with cash you normally have more power to negotiate and you will defer some fees until you refi.

I am about to jump into the "pool" of direct mail marketers...yup, as the distressed property owner sorts through his mail, over the trash can looking for utility bills....and throws away all those yellow letters etc....I'm actually going to spend some hard earned money to be one of those letters....with the hope that someone on my mail list chooses to open the letter, or read the postcard and call me to see if I can help them out of their financial situation.I've asked a lot of questions....watched videos....read articles...and given it a lot of thought.I need a list that I can mail to on a consistent basis..I'm thinking once a month for six months...then move on to a new list.The criteria I plan to use:single family and multi family propertiesowned for at least 10 yearshave a trustees sale notice recorded within the last three monthsMaricopa CountyIs this a perfect list?

Originally posted by @Bill Gulley:Originally posted by @James Wise:What % of Realtors own investment property?

As long As the job is decent and will pay my bills I will take it.

Cash flow may be how you pay your bills, but appreciation is how you build wealth.

To over-simplify, I think screening is a great way to understand (a) are you who you say you are (b) do you pay your bills and (c) is your behavior worthy of this expensive asset?  

It takes some effort to set-up on your own, but once you get the hang of it - it is very powerful.

With the door open, the controls appear to work as normal (power button and cycle selection knob appear functional).  

You should be billing him for all the broke items you keep repairing also if it is not normal wear and tear.I think you will be relieved once he is gone!

They want to know if you can afford the place, even if the tenant doesn't pay, and if you have a history of paying your bills on time.