I sent out 273 text postcards in September and had 2 calls both wanted retail prices for their homes and were not willing to owner finance.For that mailing list I focused on home owners;10 mile radiusat least 5 year ownershipassessed value under 100k2+bed 1+bathat least 30% equity

ARV = 100k 100 - 65 (purchase) - 15 (repairs) = 20k100 x .09 (closing and realtors) = 9k20 - 9 = 11kinsurance, taxes, holding costs = 3-5k11 - 3 = 8kI don't get out of bed in the morning to rehab a house and make 8,000 on a house.

I would be wary of a triplex that only has 1 bed units.

-----------so... residency ended for my husband, we were pay check to pay check for 5 yrs, trying to maintain our condo. we were a slave to this condo ($475k, 2 bed 2 bath, 2 car garage, awesome location)my husband owed the NAVY. we got orders to go to Camp Lejuene NC.this was 2005-6. market was still high. we out our house on the market for 700k. got offer for 650k, and my husband refused.we go stuck with it and ended up renting $3000/month. maintenance was $1200 at the time!

@Dyrol Harding I just closed last week on a two family in Bed Stuy where I represented the seller  (http://www.corcoran.com/nyc/ListingsMobile/Display...).Offering the owner financing could be an extra option should your best offer not be able to get a loan.  

Usually I am looking for 3 bed and 2 bath.Thanks for your help 

He's asking  $118,000 for 3 bed 2 bath and just wants to get rid of it so he doesn't have to worry about it after he moves.

@Ben Dunavent, @Anna Buffkin, @Linval TThis is a 5 bed / 3 bath house, thus the higher number of people.I'm a bit tilling toward #2.

Before the end of the call, be sure to collect:Seller(s) Name:  Property Address:  Beds:  Baths:  Garage/Basement:  Square Footage:  Property Condition_What needs to be done:  Why owner(s) are selling:  If it is a rental: If so, rent:Asking price: If you can pay cash and close quickly would you take the payoff balance:, thenafter your call find out if the taxes are current (which you have in this case.)

Price 400,000 income 4400 good location 3 2 bed rooms 1 bad and 1 3 bedrooms 1 bad .