I currently have a 3/2 3,000+ sq. ft. 25.4 Acre Horse Ranch farm in which I should be getting approval on very soon (Short Sale).

I was told yesterday by someone that the short sale business was great 2-4 years ago now in 2010 and 2011 you are beating a dead horse and the only ones making money are all the short sales gurus selling their $10k-$30k coaching programs and $1k-2k courses.I have spent time, money and energy in this area and now I have reservations whether to pursue short sales or not...so pretty nervous almost took a crap on myself when I was told not to pursue short sales.....lol...:)Here is what I was told:I was told by a short sale processor company owner who is not any longer processing nationwide ....that it is very hard right now to do short sales with banks and to make the money he was making 2-4 years ago, those days are gone.If I think I am going to get the bank to discount 50-55% to flip to another investor at 65% I am in for a surprise and a waste of time.I am so nervous that I may take another crap on myself...I know I am a clown ...hey a little humor never hurts...:)Anyway, I was told to do something else besides short sales to make quick cash and not waste time when the banks are making it very difficult to close deals.I am in the new york area where properties sell for $350k-Up since most are 2-3 families.I just want to know the truth before I waste more time and money with the following questions:1) If banks are not approving short sales at 50-60% so where is the money then if I can not get approved for this amount so I can flip to a investor.2) Cash investors are looking to buy around at 65% so how the hell do I make money then3) Should I focus and sell my short sales to retail home buyers instead of cash investors but I thought the move was to focus on cash investors for quick sales...:(4) Is wholesaling short sales to investors dead, if not then how can I still make money from my hard work of building a cash buyers list of investors.5) What kind of problems will i have trying to sell my short sale approved properties to retail buyers.6) I am thinking now of building a retail buyers list, what is the best way to do this since I think this may be the move to max out my profit from my short sales7) THE TRUTH PLEASEThe truth now....

In that spirit I suggest that if you want to discuss the merit of the" financing concept" you are considering you start your own post with the details of the the contract.There are some who think that continuing this discussion is a waste of time, beating a dead horse etc.

well said eric....you can lead a horse to water but you can't make her drink..i can't tell you how many of my buddies see what i do, and think i have the life...trust me, i don't..lol...but they see me working for myself and they talk t ome about how they want me to help get them into it..i do wahtever i can, almost to the point of looking like an idiot someimtes...i set them up with my banker and everything, and they don't do crap!

I had a horse trainer tell me green on green makes black and blue.

When the deal happens, the investor is the white knight riding in on a horse saving the day.

That's why loans between family members are really a horse of a different color.But are you sure he want to make you a loan...lol!

I know of many high end properties owners who have not paid the mortgage for years, but the children are attending private schools, riding their horses, have ski passes and are going on expensive vacations a few times a year.In some of the middle class areas we see 5 cars in the driveway on weekdays, and most of them are not older models.

I'm thinking that a RE agent who does not want to do certain tasks to establish a relationship, may be a little too high on his/her horse.

That's a horse ofa different color.