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All Forum Posts by: Michael King

Michael King has started 1 posts and replied 3 times.

Foreclosures

Post: Preferred Exit Strategies for a Short Sale

Michael KingPosted
  • San Diego, CA
  • Posts 4
  • Votes 0

Thanks everyone for the great advice! I actually have a partner who is very experienced in negotiating with banks on short sales for Investors so that is a plus. I will definitaly heed the advice of working with an experienced Investor to learn the ropes.
I will keep you all updated!

0 Votes
Foreclosures

Post: Preferred Exit Strategies for a Short Sale

Michael KingPosted
  • San Diego, CA
  • Posts 4
  • Votes 0

The property is located in So Cal. and both lenders are Chase

0 Votes
Foreclosures

Post: Preferred Exit Strategies for a Short Sale

Michael KingPosted
  • San Diego, CA
  • Posts 4
  • Votes 0

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?

0 Votes