All Forum Posts by: David H.

Most banks will not allow you to re-sell a short sale for 90 days (the anti-flip clause). My question is, what counts as "sell"? Is it when I list the property for sale on the MLS, get an offer from a buyer, or actually close?

I am new to investing with some very limited success. I recently purchased a primary residence through a short sale that I plan to flip in a couple of years. I am considering getting my license and pursuing short sales (yes, I know how difficult they are) as an investment strategy. I would like to find upside-down pre-forclosures and try to buy them through a short sale. If I can't get the right price I would like, through my license, to find retail buyers and still make some money for my efforts through the commission. As long as I disclose everything to the seller, buyer and bank would this be a good strategy?

I am brand new and ready to dive into some direct mail marketing. I have decided to send postcards to absentee owners. My question is: Is there anything specific I should be putting or not be putting on these cards. Any help would be appreciated.