Estate and mortgage

Steps to Building a Short Sale Business

negotiating the short sale. If this is your first time going out in convincing a homeowner to allow you to do a short sale, you want to probably be flipping this to an investor because it"s going to be an easier transaction but you"re not going to be making as much money. If the investor has to go in and he"s looking for a good deal, he is going to have to put in that $10 or $15 or $25,000 into the house, he"s going to need a severe discount. That process is called wholesaling whereby you are wholesaling it for a deep discount to another investor to do the work. You"ve got to know that going in and if it"s a junker and maybe this home isn"t worth anything, you pass it up. You have to be a little bit strategic when you are doing this and you don"t just take everything that comes your way just because it came your way.

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