If done correctly when you do have to make that ballon payment (we talked about this earlier so please follow along) you will be able to make that payment from the interest earned on the IRA account no problem and have no mortgage and about $250,000 + in your IRA.

I assumed this is showing me how non-collegues see it, correct?

And they will be tougher to come by when the new rules go into effect Aug 1, though that should impact lenders backed by Freddie not Fannie if I understand it correctly.

Fingers crossed).If I am understanding, your HELOC is on your primary residence, correct?

I am looking for a quick way to check someone's background with a service that has a good reputation for giving correct information.

Calixto's correct about why I was including the rehab costs.

Is my calculation correct?

I could go on and on, but you are absolutely correct that this business comes with a lot of headaches and is certainly not easy.

Please correct me if I'm wrong but it's something in that neighborhood.

I like letters as we have probably had more success, but am also a fan of a two sided color postcard.You can write out an address real quick, put a stamp on it and fire it off in seconds.Letters take a little more time.We have had good results on both.We like to keep an excel spreadsheet on all contacts with date of contact and results (talked to them, they called us, they want to sell, they dont want to sell, etc.).we also like to drive by those properties that people are on the fence or saying maybe - and take a photo of the property and create a file of notes for when the owner finally calls and says yes.i hope this helps - we have a few other marketing things we do but you just asked about postcards.Brad McLeod