Hi Brett,I read your book of Simple wholesaling. it was a good short and sweet description. thanks for your honest inputs and tips for the new Investors.Are you familiar with the market in MA by any chance?

I am interested in buying properties and maybe renting them out short term then selling and buying more properties or higher end homes.

She also told me that the only transaction that could transpire before auction would have to go through the previous owner in the form of a short sale or a bank pay off.

A good resale value note will be well seasoned (over a year of on time payments), interest rate of 7-9%+, balloon is a plus, in short foreclosure or highly desirable state, good equity in the house, and created by a licensed Residential Mortgage Loan Originator.If note is poorly created, mortgagor can walk away with a free house that mortgagee cannot even foreclose on due to possible broken laws or poor paperwork.

Hard money lending is more for short term financing because the interest rates are much higher like 12%

Otherwise, the short term fix up and flip or holding period for the expected run up on that Stock, doesn't occur and you are now Stuck with a Buy and Hold Rental or Stock, for a longer period when you can at least break even with your, now, Investment.

If you're only going to live in the area a short time, be aware that buy and sell will come with RE agent fees which might make it cheaper to rent in the short term.  

I am new to investing as well and have learned a great deal in a short time thanks to bigger pockets and all the tools they offer.

I am about to start the process of shopping for conventional loan rates and getting pre-approved, but am concerned if I shop too much within a short time period it will adversely affect my credit score.Does every loan inquiry during the shopping process negatively affect your credit or is there a "grace" period after the first inquiry?

I for one just attended a short seminar on how to purchase foreclosures which tough me a lot.