Have Money, Need Advise (Shortsale, Wholesale or Tax Liens?)

[Tyler H]

I have been reading this Forum the past few weeks and really need some advice. Because of my honesty and trustworthiness in the last 7 years in business, I have family and friends who have money that want to partner or invest with me. And I am not talking just a few thousand dollars. I could get at least $50-$150K if needed as long as I can show them how I will profit using that money. Just an example last month, I borrow $35k from my friends no questions ask as long as I paid her back in 6 months.

Here is my dilema: I want to make money in this real estate market NOW! I have cousin realtor and best friend in mortgage lending but my credit is crap plus I already have 3 rentals (all under water btw). I read about shortsale, wholesale, tax liens etc. Infact the reason I found this EXCELLENT website was doing a search on DC Fawcett. I was turn off a bit when found out that he will only work with student who paid $5000 for his program. I don't mind spending that much if I know he can surely deliver! I am a businessman and know I must invest in order to make $. I then found out about other gurus: Than Merril, IFLIP, Loik, the tax guys and more. So now, I am a bit confuse as to which route to go about starting this business. I think I like the shortsale but DO NOT like the negotiating aspect cause I don't want to go thru trial and error when others are raking in the $$$ as I type this. So I need to get off running immediately. Can you guide me? Should I attend one of the gurus bootcamp? If so, which one? I thought of partnering with friends and family to buy cash property, fix it up and sell it. But in my market, Seattle Washington, you can't find homes under $200K and the cost of fix up plus take time to sell. On top of that I know my family and friends do not qualified for conventional financing either. Like me their credit is shot or have mutliple properties too. I need to make $ and make it soon but how?

Infact, if there is an investor or good shortsale/wholesaler in my area who can teach me the rope I don't mind to split using my money (actually my family & friends) on our 1st deal. But I want to make $$$ and lots of it. I am tired of hearing people make money in this market and I don't.

Thanks for reading and await any advice. This is one of the best forum on the net so keep up the good work everyone!!!!!