Yet another game investors like to do to squeeze out more from the banks.Banks are professional sellers.Many investors are new or might have bought a few properties.These banks sell thousands to tens of thousands of properties a year and have system in place for a reason.The bank knows if the property is marketed they might pick up a retail buyer at a higher price.Unless the property you are buying has structural or other repairs more than carpet and paint then most home buyers will outbid you everyday of the week.The asset managers know this fact.I don't really do residential short sales anymore.I work them on the commercial side.Still on the commercial side the bank will order an updated appraisal and make you list how long the property was marketed,what the response was,and type of offers received.In commercial we get all types of deal structures that banks look at more so than residential.The number one mistake I see investors make is they look for carpet and paint.Marketed properly you get outbid almost all the time on these properties.Home buyers would love to get 20k equity after paint and carpet.For an investor reselling those spreads won't work.I am just saying what is going on in my area.After all the costs the bank still nets more.All the bank cares about just like HUD is to drive the highest NET to them and the lowest loss possible.

The main thing is once you start giving somebody a good ROI then the word will start to spread and more investors will start to surface.

So, if your spread allows you to fix and flip, then you might consider this since FHA/VA buyers are 100% market value purchasers.

The biggest items to consider are:1) The spread might not be what you expect.

All gurus talk about bandit signs as if it pulls so good results it could be your only marketing media.

Indymac is the holder of the loan, and I started doing impounds last year to spread out the taxes.

So Jon, ,with you making so many offers, you must spread these over a large number of listing agents.

If the second wants more than what the 1st is willing to pay, then you may have to come up with that out of your spread.

Foreclosures take a long time.I'm in favor of spreading the foreclosures out as long as possible.

-Abolition of property rights -More government control -Inability to sell a second home with seller finance -Loss of ability to buy a property and resell w/spread if it's not a primary residence.