How do you go about finding your money source, for you to close on your short sale deals you need a private lender, I can tell you the best way to find a private lender is by going to your local REIA club meeting and network with everyone you see in there, explain to them how they can get a good return on their money in one day. It's one day because you want to do double closing or simultaneous closing on your properties, so explain to that person that their money will be out just for a few hours.

You can also find private lender by going to Angel investor network, remember you have to take action, anyone and everyone you know with an IRA, a 401K can be your private lender, and you can give them a better interest on their idle cash then the stock market.

The second thing which is essential to your short sale business is to create a buyers list. it is very annoying to go to the whole process then your deal fall apart because you don't have an end buyer, so the simple solution for that is to create a buyers list by advertising properties as " Rent to Own", you can place an ad like this one on your local paper and on the internet.

“Bad credit okay, No bank involve, you can still own your home, looking for a nice couple Call win now @ xxx-xxx-xxxx"  this is a very simple ad but it will drive traffic to you.

You have to question everyone who call you make sure they qualify by asking them a few question, and you might have to put some of your prospect into a credit repairing program. so you will have to interview a few credit coach until you find a good one, then you would refer your credit unqualified buyers to that person, while their credits are been taken care off you will be out there looking to short sale a property for them to purchase.

It is imperative that you find a lawyer or a title company that can perform a double closing, in order for you to perform a double closing you will need transaction funding from an investor or a private person. The way a double closing work is very simple. First thing is to find a transaction funding firm, and investor, or a private person, the best way to do that is to go on google.com and type transaction funding, after you do your research, you should call each one and ask them how much they charge. Most transaction funding firm charges between 3-6%. On their money,

So you got your deal, you have negotiate it with the bank, and You receive the fax that your short sale have been approved, and the bank gives you 30 days to close. So what is next, by now you should already have an end buyer, which is someone who will purchase the property from you at closing.

http://www.shortsalesedu.info

http://www.shortsalesedu.com