All Forum Posts by: Christopher W.

As you can imagine, I agree with all the above as well. I was also going to purchase a short sale course, but after a few weeks on here and my own research I don't think I need a "guru" anymore. Now, I will say that I have not done any short sales yet but I know the basics of process pretty well. And of course if I get stuck or have a question, there are plenty of helpful and knowledgeable people here that I can lean on. I have asked plenty of questions and have had many offline conversations with lots of great people.

So before you purchase any guru material, I would save your money, read as much as you can here, and soak up anything and everything.

In addition to what Jon said above, I would want to know what's in it for me? I do care about who you are and I do care about the property, but I really want to know what I'm getting out of the deal.

I may be thinking of something else but doesn't the homeowner also have to be insolvent at the time of the short sale?

If you short sale this, the owner will not walk away with 20K. The owner cannot get any proceeds from the short sale itself. You would need to find another way for the owner to get some money - maybe sell some of the private property? I know investors look down on this because you are getting around the lender's rules, but some people still do it.

Also, if you want this property for yourself and are planning on owning it for many years, does it matter what you buy it for now? I understand that you want to purchase it at a good price, but you have to ask yourself: in 5 or 10 years will it really matter that much?

Outsource. If you can afford it, anyway. If you have a full time job, like most people do, outsource what you can. If you are sending direct marketing, hire one of those online companies that you upload the list to and they will print and send the mail. Have leads call a callcenter instead of you directly, or find a partner that can take on some work for a cut of the deal, etc.

Your Blackberry or PDA should also be able to access the internet. It's generally slow and cumbersome, but it works just like being at your computer. I can browse and post on BP from my phone and it works pretty well.