I am also involved with my very first "Short Sale" and experienced alot of upfront concerns with getting someone in that department to talk with me.One of the keys is to make sure that the person that you are tryig to buy the home from provides the lender with a "Letter of Authorization" to speak with you regarding this property.

Keeping the ends meeting is key when you have rentals.

The negotiation of the property is a key ingredient to the investment.

hello;the deal from the surface looks good if you are looking at it from an equity standpoint. the key here is to know ALL costs before you sign away. with missing numbers from your plumber/Eletrician, you cannot make an informed decision. i suggest you get that asap to input all the known numbers and then make a decision. you don't want to find out later that the costs are high and that you end up buying a break even deal. because the positive cash flow on this unit is very low already, you don't want the equity to drop with costs you don't know about yet per the work that needs to be done to bring it up to par for rental.Sincerely,-vinh

., as acquisition costs.Now that I think about it, it's essentially a turn-key wholesaling franchise, and there are benefits to buying a franchise.

The key to cash is you need more than you expect when you own a property (running costs, etc).

Do any of you use licensed contractors and do you discuss with them what exactly you're doing (trying to influence the BPO...).

They had several small properties down in the keys that were on the water.

But persistance is the best key when it comes to being a private investor that wants rental properties or any type of investing for that matter.........

The key here is that B’s property was a mobile home which was not legal affixed to the property (it was taxed like a car and had a title) … so after A had the same disclosures and I begged him not to buy “subject to” the closing was completed… SO… I scared the hell out of both parties, and caused the guru a lot of discomfort, and it took four hours for these transactions.