All Forum Posts by: Brett Goldsmith

@Jon Quijas I can put you in touch with my person, but just know I haven't been involved with them for too long but they were recommend by an agent we referred business too out there and so far so good with PM.

@Alex R. Speak to a lender. I've seen people obtain financing in shorter periods of time than 4 years who have also completed short sales.

@Shefali R. It's a tough situation with no easy answer. The most plausible way in getting the property in my opinion without letting the approval letter expire is to give consent to let them stay there for 3 months which has obvious risks. Without the sellers on board getting the deal done is going to be a nightmare or simply impossible. Rent backs are typically not okay when a property is short sold unless if a non profit purchases the property. You're basically allowing them more than adequate time to "relocate" from the home. Is there any wiggle room on when they will move? Can you negotiate them down to a month or 45 days? 

Don't get attached to the property is amazing advice. I personally love buying short sales. You need to be patient and knowing the process and guidelines help light up the often dark room.

Attempt a short sale and place an offer to test the water. You never know unless you try. There are better ways to structure a more favorable offer with supporting documents. Feel free to PM me if you ever have any questions about anything short sale related.

@Philip Sriployrung Welcome to BP and let me know if you ever need anything at all. I'm in the Los Angeles area myself and am involved in out of state investing among other things. 

@Sherrie Pickens Yes, the 15% DP and then the rehab costs.