You need buyers in the wings ready to pull the trigger.

Because short sales are currently net 80-82% of Fair Market Value to Fannie--which is more than Fannie gets from an REO sale, not to mention that by the time the property goes to foreclosure, it's worth far less in most areas of the country and has sometimes been vandalized. http://www.rebuild.org/news-article/foreclosure-and-stripping-homes/ To ensure that the former homeowner is ready to purchase again in two years, s/he should pay all their other debts on time and use no more than 50% credit capacity on credit cards.According to the Mortgage Debt Forgiveness Act of 2007, the amount of mortgage deficiency (known as "phantom income") will be forgiven if the house is owner occupied.

I could pay cash and close as quickly as my last seller could be ready and that combo helped me get a great deal.Also, if you don't know how to analyze a deal, you will never be able to act quickly enough to get a good one.

Any opinions would be great (even better if you are in the Denver market)Property #1 - Home with a carriage house out back in an up & coming area - can be rented as two separate properties and has already been remodeled so it is rent-ready.

The radio provides excellent branding (recognition and continual reinforcement that you are the expert)...the online component makes contact easier when potential customer is ready to pull the trigger.But the message has to be good..why choose you over the others?

With consumers becoming so much more savvy, why take the risk.FSBO works better in a booming market.

Thanks Aly,I just got out of 5 yrs of school, I am not ready to return..

Although bird dogging seems to be a way where I can definately get my foot in the door with the least risk and money if not any money at all.I'm moving to the Southeast Texas area in January and thought I wouldn't be able to do my first deal til around then (when I get my bills paid off) but this website has really accelerated my learning, I think I'd be ready here pretty soon.I look forward to speaking with all of you and folks from the denver area in the near future.Also...still new to the forum, I may have just missed it is there a place where I can find where a REI club is nearby?

When they feel they are ready to go it alone they do so with the knowlege that they can either bring me in for a split or pay me hourly for consulting.To many, this would have seemed to be a very small deal with very little profit potential.What I look at is the numbers.

The only motivated sellers, that own their property free and clear, are long-time landlords, who are just tired and ready to dump their properties.