Do partners need to be in same area for short-sales?

[Ryan M.]

This is my first post on BP and I’d first like to say how impressed I am with the kindness and generosity of everyone willing to help out other investors and to contribute to the largest wealth of REI information on the planet. Thank you.

My question is; If I were to partner with someone on short-sales, does he/she need to be in my area and if not, does anyone want a job? I’m located in MT and have a few short-sale leads and contracts from sellers but I lack the knowledge, and frankly the interest, of short-sale negotiations. Ironically enough, I work for Wells Fargo in the foreclosure department and am around bankers all day – I don’t want to talk with them on the phone too, haha.

I have some good connections here at the bank and a TON of motivation which is helping my marketing campaign go very well. As expected though, the majority of people I talk with are people with very little or negative equity in their house. I know that there is still money to be made with these leads and am not really that picky about the percentage of work I do or even how much I make. I just feel wrong about turning people away who I cannot directly help knowing that someone else probably can. Does anyone have any ideas or contacts who might want a few new projects? Thanks in advance!

[Eric M.]

Hard to believe that Wells would be ok with you taking info about their customers and using it for your own investing.
Some serious privacy laws to deal with too.