Buying more shorts
Here I go again. I started buying shorts back in November. I did not know that much about them in the fall, but now have a fairly good idea how they work. The short market wss great in the winter and early spring, but seemed to dwindle, at least for me, the the late spring and most of the summer. I had quite a few fall through as the banks were able to play their games with us. Now, as we move into fall, it seems that the short market is coming back a bit. I have closed more lately and have a few more on the line. Any one out there have any input on this?
Comments (1)
Kevin - I am a newbie to real estate investing and have been studying short sales. I have advertised for distressed home owners and have had a couple of responses but was not able to get either one due to one owner doing a loan remod(my suggestion) and the other selling his house last minute. I have onlu been advertising for two weeks and hope to get more customers soon.... I have a question for you...do you have a particular system for dealing with the mortgage companies? I would like to wholesale some of these when I do get them but need help dealing with mortgage. Any help you can provide will be greatly appreciated. Thanks, Joseph
Joseph Arerdondo, almost 17 years ago