Now, all things need to follow a procedure to be done effectively and efficiently.

@McKinley Crowley @Jerryll Noorden @May EmeryI'm curious to know your thoughts on the most effective way to reach out to a lead.

My view is that University District next door is selling for over $220,000 and buyers, homeowners are priced out and, its the ripple effect, investors, home buyers jumping into the next area which has a significantly lower median house price.This one sold 10 months ago, however, I expect it to be worth more today, but below are some comps.Interesting times in Detroit.

Therefore, they aren't looking for you and they are not the ones searching the internet for note buyers... so you need to be an educator (to make them aware of their options) as well as a marketer.Learn how to market effectively and you can make pretty good money.

I think this is called the ripple effect.

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

@Max Denning.If you're self managing your own machines than it's a guessing game, and you'll just need to be observant in order to develop an effective schedule.

I can certainly vouch for the effectiveness of great SEO.

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.2) Regarding taking a distribution from a 401k plan and then paying back within 60 days: the issue here is that there is a 20% withholding requirement so if you distribute $10,000 you will receive $8,000 (since 20% is withheld) but you will need to deposit $10,000 within 60 days so you are effectively providing Uncle Sam with an interest-free loan equal to $2000 since you won't be able to recoup those funds until you file your taxes.

On the cash flow side you may not be seeing high returns because you are probably going to buy the it retail, compared to renovating the property and realizing some equity, then you refinance at a lower LTV to reduce your debt service and effectively increasing cash flow.