Taking the Plunge

[Elaine Freed]

I've been looking into ways of getting into real estate by doing short sales with banks as my first avenue to get started. I guess I would be considered a "bird dog." This would be to get me started. The whole foreclosure market is so competitive it does scare me a little.

So going to the bank with a purchase deal (proving I have the $$ - and using OTM other people's money) is how I'm planning on starting. Is it unrealistic or are there really good deals out there that can be obtained thru the bank? Are they more eager to these types of deals than they were 2 years ago? I've been involved in short sales before with an investor but I really only want to work with the banks instead of the property owners....to make some money to help me expand my goals in real estate.

I'm planning on taking a course that shows me how to put together the "deal" and approach the banks.

Thanks for any help or suggestions.