Short Sale School Costs $4,000?
Hi, I’m in the very beginning stages of learning about and how to do “short sales”. I have been in contact with a company called “Vision Investing Group” that offers a course for $4,000 dollars to teach you how to do short sales. They offer coaching and literature on the in’s and out’s of the transactions and offer to walk you through everything with a refund policy.
My question is if this is something that I should consider? Could I learn about this business on my own or through different routes? If so what are they and where would I start? Also would the $4,000 be worth all the time investing I would have to do to network and do it on my own?
Any and all suggestions would be greatly appreciated.
you can ask questions here is a great start. you will get the jitters at first, but if you keep moving you will end up closing your own short sale deals.
mentoring is for those that are scared to take the first step.
post your questions here, while you are waiting for a response go buy a few books on the subject. Book stores, libraries and you can even go to amazon. For around $75 and researching this site, you will be a short sale pro in no time at all.
Now give me $750 and i guarantee you will be able to perform your own short sales.[ Edited by charlotteinvestor on Date 07/24/2007 ]
Thank you for the quick reply. Can you suggest any good literature that would be of good assistance for a beginer? Also who should I start networking with to maybe obtain a mentor on the subject?
I got bad info - talked to a really nice loss mit at Countrywide , they do tons of SS
Countrywide is hurting. Their investors are not happy the stock is way down and the sub-prime market is killing them. Most of the sub-prime guys are getting ready to deal. Sounds great but what is it doing to property values? Also we (investors) have to worry where the next buyer is coming from. This is a great time and a poor time to invest. People who want a house and have good credit can pick and choose and get good deals. Poor credit is getting hard to get loans which mean you may have to carry them longer. Countrywide said it does not see a turn around until 2009.
Good luck
J