Buying a Short Sale as an Investment – Homes for Sale Ventura, CA

by Gary and Lisa Schoeffler on April 13, 2011

in Latest News

There are some great deals out there for investors looking to buy distressed properties—foreclosures and even short sales. But, there are a few things that investor buyers need to be aware of when looking to purchase short sales.

The investor who is buying a short sale and then plans to ‘flip’ or resell the property immediately needs to be cognizant of the terms and conditions of the short sale approval letter. Certain mortgage servicers (such as Bank of America, Chase, and Wells Fargo) place limitations on the terms and conditions of the short sale approval that may impact an investor buyer’s ability to immediately resell the property for a profit.

Flipping is not for the faint of heart and flipping a short sale is even more difficult! Like any other business, if you do your homework, and make smart business decisions regarding your short sale purchases, there is money to be made. The Ventura Real Estate market has its share of short sale deals and we have seen some very successful flips.

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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