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Updated over 9 years ago on . Most recent reply

User Stats

17
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3
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Josue Caliz
  • New Haven, CT
3
Votes |
17
Posts

Head under water in Greater New Haven

Josue Caliz
  • New Haven, CT
Posted

Hello BP, as a young investor with little experience these days it seems I only have questions. 

Today my question has to do specifically with short sale.

I have an opportunity to capitalize on an amazing duplex with some necessary renovation in he greater New Haven area. Its a short sale but I don't want to be involved in a fix n flip because I don't want to loose more money due to inexperience. At 24 the only experience I have is what not to do. I have a background in construction and I know how easy it is to under estimate a build. 

I have little credit history and am in the process to getting my credit score up, but I do have a decent amount of investment money for at least 10% down. 

I recently heard of wholesaling but don't know much about it but what I do know, this seems to my best case in this situation. Any suggestions on how I can get started and are there any disadvantages of dealing with a short sale or advantages? 

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