hi all,i have been looking at purchasing short sale properties in my neighbourhood. when i see listings on MLS and speak to listing agents, i find that they are either very unaccomodating, dont return calls, always say they have other offers and there is no use for me to put in an offer now..etc..i am wondering why all this backlash. is it cause they have to work too much in a short sale and make very less commissions.what would my strategy be here.vik

Now I'm confused (and concerned)

If the kid is really tearing things up and causing problems for neighbors I would evict them ASAP.

Sorry, my mom is a Shakespeare buff and she would be proud :lol: So I was just about to go to the County Courthouse to file for an Assumed Name(DBA) but now I'm considering starting an LLC for multiple reasons and I'm curious as to what your opinions are.A little about me:I have not yet done a dealI have been studying for some time and I'm ready to get startedI have every intention of doing this full-time but I will not quit my day job until it's a realistic possibility(1-3 years)My only assets are my house which is homesteaded and a car with 100,000 miles and serious hail damage so I'm not concerned with asset protection at this pointI am interested in wholesaling/rehabbing(rentals in the near future)I have $10K-$20K startup capital I will be using Hard Money for my first several rehabsI have excellent credit (771)I am now thinking about starting an LLC in Texas(one-time $300 filing fee)for my rehabs because I want to build up business credit and season my company so I figure I might as well start now.Once I acquire rentals I will definitely setup an LLC but that is not an issue yet.Given the information, should I form an LLC or just do my first few deals as a sole proprietor and then get my LLC?

My only concern is applying the 50 % rule with the max. rent for both is 1400.

Do you have any questions, concerns, thoughts on the topic?

Don't get into properties so tight on cash flow that the least little bump in the road causes you a problem.Also, look for crative financing techniques so that you are not having to tie up your personal credit.

As far as investment is concerned, it is better NOT to do something than get into something you don't understand--same goes with flying an airplane.

I know with my current criteria it can be tough to get an offer accepted.As far as my Job is concerned, I felt the same way, I will make this the best thing that ever happened.

Although the numbers worked, the racism (or reverse racism I suppose) caused me not to buy either.