Advice/Options for Me After a Short Sale

[Brian Nalley]

Thanks for reading! My current Townhouse is going up for Short Sale in a few days. I have already set a goal for myself to have my first investment property by the end of the year, but now I also need a residence :)

I really do not want to rent (though I realize it may come to that), and I really don't want to have to move again (I have a lot of large things--I collect pinball machines for one). I have been looking in Baltimore City, as there seems to be more options (some rent to own, and even better owner financing). I don't have much to put down (at the moment anyway), but I have a decent job with steady income. I also plan to have a roommate or two to help with whatever I end up doing.

Many of the owner financing ads/offers and companies I have seen are pretty shady. 

Any thoughts or advice would be AWESOME. 

--Brian

[Curt Davis]

I can only wonder, if you have a decent job and make decent income then why is your primary residence going to Short Sale?  If your home value is lower then what you owe that should not matter, you can still make the mortgage payments.  

Also, if your in trouble you might consider getting rid of your pinball machines.  Sounds like your priorities might not be in line with what should truly be important.  Not trying to sound like your mom but you should follow Dave Ramsey's advice. 

Renting might be the sensible option at this point.