Hello All,I purchased my first investment property using traditional financing (Bank of America).

Amaf,It will be challenging to qualify for traditional financing on a 100% vacant building.Originally posted by @Amaf J.

@Eric ClifftI love the fact that you are methodically & creatively designing your marketing strategy.Direct mail marketing traditional results dictate that response rates should be higher on a piece addressed to a specific person vs. anything that may resemble junk mail like a general mailing to "resident" or equivalent.However, higher response rates do not necessarily=higher profit.Run a split test on both methods to determine the profitability of each lead, not just response rate.  

After you do a couple of those, you will have the equity you need to target rehab-and-keep tax sale properties, or the equity for a more traditional real estate purchase.

The traditional way to defer tax and depreciation recapture when selling and buying investment real estate (the buy and hold side) is to utilize the 1031 exchange. 

I would use that money in addition to traditional media for things like commissions, buying out leases ( this is where you offer to pay someones lease off if they move now), promotional gifts, you can buy a flat screen tv for pennies,  paying for moving costs, etc. 

Well, give or take $10Yes, they would have expenses out of pocket at closing, yes it's not a traditional deal and from a sellers side it's laughable....but, there are no other offers and they are motivated to get this sold before winter. 

How many times will traditional banks allow me to repeat the process?

There is a very big difference between traditional debt (credit card debt, car loans, boat loans, etc.) and investing in real estate.  

Inbound Marketing: 5 Secrets to SuccessWith traditional marketing, you push your message out and hope folks respond, using online and offline ads, direct mail, emails, brochures.