All Forum Posts by: Brandon Benitz

I just subscribed to the BP/Foreclosure.com list to get foreclosure notifications in my area.  As both an investor, and Realtor, I want to reach out to the owners while being sensitive to their situation.  Does anyone have a template/example of such a "cold call" letter they send to those in default or going through the foreclosure process?

Thanks!

Ken McElroy's, and others, formula for figuring property value is Net Operating Income / Capitalization Rate = Property Value.  But since Cap Rate is based off of value, I keep getting a circular formula where the value according to this formula always matches the purchase price.  

How do I come up with an independent figure for value that is NOT based on the original purchase price?