Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.

I purchased the property from the Shelby County Land bank. 

@Jullion Cooper Congrats on your purchase!

Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

A vacant house across the street from one I just purchased was also for sale at 51k.

You've shared so many gems and described a realistic depiction of purchasing an investment property. 

Which of the 3 record types to target is dictated by the relevant statutes which define the legal process for the leads you are interested in purchasing/pursuing.

(Which you could also then do with your new purchase in 2 years.

I tell my Colorado STR clients they want to see annual STR revenues that are at least 10% of the purchase price.

So, if you start with a duplex, your next purchase could be a triplex or fourplex.