Patience

I recently sent out another round of letters. This time it was to owner's of vacant houses. I received a good response with the deliquent taxes, but no deals were made. I sent 25 letters out and so far 3 people have called me back. The hardest thing to do is pass on a house. I had an owner who was willing to let me assume the loan. The only bad thing was that the mortgage payments were too high. I would make $45 from that house per month. I've read comments saying just because a seller agrees to financing that does not make it a good deal. It's a really nice house and with a little work I could make it shine but the risk is too great for me. I have one last trick. When I do the walk through with him, I will see if he is open to doing a loan modification. If he does that and his payments drop, I'll jump on it. I feel like I am real close to getting my first property from direct mail. All I have to do is be patient.