Investing in Short Sales?
Hello everyone. I'm a newbie but found a home on Redfin that is a short sale and it looks like a really good deal. Now, I know it's better to find homes NOT on the MLS, but I was just poking around and saw this one. Anyone ever invested in a home that was a short sale on the MLS? The list price is $175,000 and after researching, the comps and the ARV is $290,000. Is this a stupid way to invest? Just curious...... Feedback anyone?
Thanks!
~Kathy