Thanks Josh for your input I do make enough money but I just went through a short sale so this is a way I'm trying to purchase one and then I was going to refinance like  William suggested

I've been listening to www.flipguys.com podcasts all sorts of great info about team building and attracting the right realtors for investing.

Based on what you said there is no money in this property whatsoever.You take 105 and add in arrears, legal fees, and all other kind of stuff a lender tacks on and then add on repairs the property needs there is no money.Might could do a short sale on it.

Our latest flip was in Riverside, but we are currently working on one property in Long Beach and will begin shortly on another property in Los Angeles.

So a deal once found attractive based on which I bid is turning out not to be so attractive.

I have a property in Belleville, NJ that I am acquiring via short sale. 

First time poster here.I put in an offer on a short sale property with two mortgage companies involved.  

You will want to give them a short run down and your contact info and they will forward it to there people, obviously people that have money don't want to have their info randomly given out.5.

In short, if you went to sell the note the price you get would be lower. 

Short answer, you can't and won't