Short Sales: How to Make Money on Houses with No Equity
|by J.P. Vaughan|
For the average real estate investor, 8 out of 10 properties you find have no equity in them. And since equity is critical to making a profit on any deal, no equity, no deal. Right? Not true.
Short Sales: the key to making money on no-equity properties
The best way to make money on no-equity properties is through "short sale" strategies. In a short sale, the investor negotiates with the lender who holds the mortgage on the property to buy the property for less than is owed.
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About the Author:
J. P. Vaughan founded Creative Real Estate Online (www.creonline.com) in 1995 and has been the Publisher since then. She is the author of How to Buy Your Dream House for 1/2 Price (Quantum Publications 1994, out of print). She is also an attorney who practiced law in Michigan until she started investing in real estate full time in 1988.
J.P. is very proud of her daughter, Jeanne, who has been working with CRE Online since 1998 and is the Editor and Director of Operations.