Any Advice Is Greatly Appreciated. New Investor
Life recently put me in the situation that I have no other way than just to go forward in Real estate. After 6 years with co I lost my job and therefore I need to minimize risk at the beginning going to RE investing due to limited income .
Therefore Im focusing on wholesaling SubTo deals and Short Sale to minimize the risk.
Im trying to figure out if its better and safer to do Short sale as an RE agent (that im going to be soon) and represent the seller and after discounting loan to find ready buyer and collect commision (seems like less risk when it comes to finances)....or do it it as an investor but when it comes to closing seems like it is impossible to close unless you finance the deal first and than close again with new buyer since you cant do assigment or simultanious closing . And it seems like as investor doing SS you need to be on Purchase and sale agreement.
If you can give me some pros and cons on those two scenarios while considering my personal situation.
Anything is greatly appreciated.
Thanks **Please See My Profile**
anyone here at all from the NY/NJ area that can help out????
Go to the "Members" link at the top of the page and search for NY and NJ and PM them.
I am from NJ. I grew up in Northern NJ but moved to wetsren NJ to get away from high taxes and population congestion. Were you successful in locating other NJ members?