My main source of properties is from tax auctions but I've also started a company called HMC Solutions LLC where I purchase properties for cash.

You'll make contacts on both sides of the brokerage fence, sources of funds as well as borrowers.

Good ones that actually source deals from motivated sellers, not ones that negotiate a small discount or just mark up from the MLS.

You don't know if the letter get read or even get to the proper party.

Now that my systems are in place, anything going forward will be done much quicker.Once I get my first deal done, then yeah, I'm absolutely going to out-source that, as well as the whole virtual assistant thing, but until I have the influx of capital, everything's on a shoe-string budget, and as a direct result, will be slow-going.

Hi BP,Hoping to get some feedback on this, as this stage of planning is crucial to my strategy and the source of many headaches… Sorry this post is so long.First, I am guessing the reason targets are still on the MLS is because they are not a deal?

If you paint over it and someone ends up having respiratory problems, and then finds out there was mold in the house and you didn't investigate it and treat it properly, you can be sued.

We have way too few financially literate young adults.Beth,Wise input to remember to balance the earning with giving and proper spending.

Well, you might want to check on the real estate agency laws to be a property manager and ensure your LLC is properly registered as well.

There are likely 3-4 title companies in your area that work with investors all the time and understand the things we like to do (double closing, assignment, alternate funding sources) and are comfortable helping.