Chris
You are correct in that short sales can take a lot of time and energy. If you have other parts of your business in REI that are running well, it might be worth the outsourcing route. My answer was geared more towards someone just jumping into the business. At this point, you already probably have a very good handle on transactions and what you are up against. It is worth doing atleast a couple yourself and then pushing it out to a 3rd party. Just my opinion. I noticed you are from Amarillo. I know a great wholesaler down there. He is top notch.
Originally posted by Chris Trook:
I think ya'll (we're aloud to say ya'll in Texas) make a good point. It is important to know, first hand, what the process is. I understand the basic routine, however, I need to go through the process myself.
Short sales take a lot more time and energy then any of my other techniques so the only way I would consider short sales as being productive in my business plan would be to outsource them.
I guess I was asking to confirm what I had already believed. A smart savvy investor will outsource short sales. (once they understand it themselves)
