ShortsalePro, In short are you saying that you cannot do a double close on a SS property? Owning it for only a few minutes is fraud? Am I reading you right?
The double close is fine. Read your approval letter from the lender. They dont require it to close any particular way in most instances. Anyway, you state that you are making the buyer the direct purchaser of the property and that you are getting paid from the buyer at COE. Im not sure I understand what the matter really is here. You are making $10K ? You want to know how much more you can make ? I think you are doing well for not having to close using any of your own funds.
What is a short sale property profile sheet.... and/or how does it differ from a conventional sale property profile sheet?
Being a "middleman" might work well in other techniques, but the very nature of short sale transactions precludes passive profiteering.
The best way to make money might not be the easiest.
Buy, fix up and enhance value, sell.
ShortsalePro, In short are you saying that you cannot do a double close on a SS property? Owning it for only a few minutes is fraud? Am I reading you right?
The double close is fine. Read your approval letter from the lender. They dont require it to close any particular way in most instances. Anyway, you state that you are making the buyer the direct purchaser of the property and that you are getting paid from the buyer at COE. Im not sure I understand what the matter really is here. You are making $10K ? You want to know how much more you can make ? I think you are doing well for not having to close using any of your own funds.
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