Preferred Exit Strategies for a Short Sale

[Michael King]

I am literally just starting out in Real Estate Investment. I was putting my marketing strategy together when I happened to come across an opportunity for a Short Sale investment through a referral, this would be my first deal EVER! Now I obviously want to be confident and show my confidence to the seller but I am uncertain on my Exit strategy.
Scenario: First loan $199k 2nd Loan $90k with a value estimated at $235k.
I am confident in my negotiation strategy with the bank but what you suggest for a strong exit strategy?

[James Ward]

Most of the clients that we work with have the following exits:

1) Buy and Sell to End Buyer ASAP
2) Move out of way and let End Buyer buy direct from Property Owner
3) Buy and hold until End Buyer is in place
4) Buy, rehab, and Sell
5) Buy, rent

Most of our clients do not want to do # 4 or 5, but both are an option.

You also must know several ways to find Buyers. And also be able to get into contract with the "right" type of Buyers.