Short Sale Pro/ Need Help
I am currently a newbie and I have spent numerous hours reading the different forums and I have found them to be very helpful. I want to start my own rental/ invest company. My main goal is to be able to purchase properties through the short sale. I purchased my first property and not realizing until now that the cash flow is only 75.00/month. Not really worried about it now b/c I did not know much about short sale. I purchased this property about two weeks ago and the loan officer told me to as soon as I get a lease on this I would be able to get another one. I have about 2K saved which is not much and in about a month my FICO mid should be about 680 +. I am currently a realtor (1-3K/yr) and I have a full time job working as a customer service rep (27K/yr). I am not happy with this salary and I am willing to jump out there and swim with the BIG DOGS. I am not clear on where to start. Maybe a major part of the company can be for non-profit and the investment side for profit.
Can anyone lead me in the right direction to start a company purchasing short sales? Or/Do you think it will be best to just start doing short sale deals w/out a co. If so where would I start at this point? I have exp with real estate so what is next?
I've read this, and a couple other questions you posted (or reponded to) and suggest that you need to devise a business plan with an articulated exit strategy.. and keep reading. Most new visitors can find their basic questions answered in the archives...
Once you've read the applicable articles, and scores of 'on point' posts, your questions may have already been answered. If not, ppost specific questions and you'll get many responses... some that make sense, some that don't.
[addsig]