All Forum Posts by: Matt DuSold

Welcome Ben! This is the exact time I really got into real estate too! (im only 22 now) Just stay on this forum and figure out where you want to go from there.

Oh by the way, way to dethrone the trojans, get Blount back and they should win the Rose Bowl. :D

Welcome to BP Doug! This is coming from the east valley too. Ive never actually been out in your area I hear its gotten real nice, although I did see it from the top of camelback today... that was a rough hike...

Just part of the Valley invasion...

Welcome Alfonso. I have to agree with DemosL just read everything on this site and soak it all up. When you know exactly what you want focus on it learn everything you can.

Thats what I did before I graduated. I do wish I could have gotten in earlier but I am a pretty conservative dude and like to take everything slow. Now that Im out im starting to get up and going. Just study up and find a real investor who you can help for free or maybe even making a few bucks.

I agree with Justin about the second mortgage.

Also, what is your most effective method of finding the sub2 deals?

If it wasnt for BP I wouldnt be doing real estate... seriously though. It all started when I found the site on accident. Thought it was cool asked some questions.

Found a mentor on here who has helped me every step of the way. Then left for some odd reason. Then came back and was lucky enough to be welcomed still and Im here to stay! But honestly without this I wouldnt be in real estate. I dont like doing things Im not comfortable with and this site has taught me everything about real estate and until recently "met" every person I know in real estate.

Im still a newbie but I am taking steps and am starting to get real good experience. So... THANKS JOSH!

I would birddog or do something along those lines maybe wholesale if you want a little more risk and money. If your a birddog you really have nothing to lose but a few marketing dollars. I am a year ahead of you and had a major move from the midwest out to the west coast (kind of, phoenix) and graduated.

Tons of things change and there will be a lot of stress, I can only imagine with getting married on top of it. If you birddog you will learn a lot more about general real estate that you can apply anywhere along with making some money. Thats just my two cents.

Alright awesome, got it! So new question... I dont think its really worthy of a new thread.

Talked to another person today and she was worried about paying taxes. She said she didnt have any money to pay taxes so she wanted to talk with her CPA about it. So question being if they go through with a short sale what taxes do they have to pay?

So from what Crosswind and Summerhomes are saying those 3 things should be in the contract and that should protect the previous homeowner from being asked for money after the short sale is performed?

Sorry some things need to be explained to me like I'm in kindergarten.

I agree Rich! I am a newbie investor but I have just started to form relationships OUTSIDE of BP. All the books I have read have either been recommended by people on BP or written themselves by members of BP.

My mentor I found on BP and from what I know most parts or the short sale process are here on BP.

So really I have to credit everything I've done so far to BP. I have been able to kind of set the groundwork to my business and learn a TON without leaving this website here. Unfortunately its time to branch out and meet people not on BP that are in the area, its just too easy on this site!

Thanks everyone! His lenders are with GMAC and Webster. I think his hardship letter would be accepted because he did have a roommate who left and couldn't afford the property at one time.

Ill have to have him look at his income/expense report (thanks Justin). From what this guy said he is probably dead weight anyways. He's very frustrated with how hard it is to get rid of a home and feels I am going to steal his identity... I didn't know people in trouble would really care that much bit oh well, I'm learning!