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Updated almost 9 years ago,
Head under water in Greater New Haven
Hello BP, as a young investor with little experience these days it seems I only have questions.
Today my question has to do specifically with short sale.
I have an opportunity to capitalize on an amazing duplex with some necessary renovation in he greater New Haven area. Its a short sale but I don't want to be involved in a fix n flip because I don't want to loose more money due to inexperience. At 24 the only experience I have is what not to do. I have a background in construction and I know how easy it is to under estimate a build.
I have little credit history and am in the process to getting my credit score up, but I do have a decent amount of investment money for at least 10% down.
I recently heard of wholesaling but don't know much about it but what I do know, this seems to my best case in this situation. Any suggestions on how I can get started and are there any disadvantages of dealing with a short sale or advantages?