Hello i am a newbie to real estate investing and short sales seem to be a very fasinating and profitable niche, but i have a few questions that if anybody has some insight i would love to hear about.
What are the most common exit strategies for short sales? From what i’ve read on the net, it’s to develop a buyer’s list and sell to a rehabber or rental investor. i was just curious if it was a common practice to short sale a property and convert it to a rental by picking up the new note from the bank w/o a down payment because of the amount of equity that you created with the short sale?
Thanks for any and all info.