Am I on the right track?

I’m new like most everyone else. Here is my idea. Any info is appreciated.

I can market to homeowners facing foreclosure. I have realtytrac which I believe has given me valid info thus far.

After meeting with the homeowner, I advise I do not guarantee anything. Mainly because I don’t know if the bank will be willing to work with myself or the homeowner. I get a form signed allowing me to speak with the bank.

After I leave the house, I contact the bank and wait a few days for the authorization to reach the right person and get inputed in the system.

Now I market the crap out of the house looking for a buyer.

I use the buyers money to show the bank I have the funds to purchase the house and then negotiate a short sale.

I do a double close, again using the buyers money for my closing costs.

And I look to do this process again.

Please let me know your thoughts.


You have the right idea, but there are more steps to do it right.