I have been buying short sales for a few months now. 6 going on 7 to be kind of exact. Business has been brisk to say the least. In my opinion short sales in the US are still an expanding market. Maybe not everyone has heard about the Stimulus Package yet. But I digress.
As an investor (new to the field of investing but learning quickly), I have been working on a new tack- a little sailing terminology there even though I am more of a powerboat guy. While I am still looking to buy preforeclosure shorts and then resell them, all the while attempting to make a net of $10K per unit, I am now adding to my system. Starting as of yesterday, I am looking for high end luxury homes with a wholesale price tag of up to $1M. I will buy them as shorts and then resell them at a profit. On these I need to make over $50K per deal- more money at risk and all.
As an agent this means great commissions for you. Represent me as a buyer and then sell the thing for me. Do the math and get back to me. Hopefully it adds up nicely for you.
If you have high end shorts, please email me ASAP.