Hi Todd, I don't do any Short Sales, they take too long, and the return on cost and time is not as successful as for an REO. I have about 45 REO's right now with about half on the market and the others still waiting in all different stages. REO's are the only way to go in my opinion.
What I would do is if you want to break in and start getting some assets assigned to you is make sure that you are signed up with some of the major REO companies and some REO websites like RES.net and REOtrans.com. I don't know your market area and how good, bad, or indifferent it is in REO right now, but if you are doing Short Sales, something tells me that REO is either there, or just around the corner. Also, be patient with getting orders, there are a lot of wannabies out there and you don't want the companies thinking that you are one of them. Handle a few of them, do them right and successfully and you will see results. The first year I started doing REO's I only did 2......that was 8 years ago, now look where I am. Talk to you soon. Regards. KIRB
I received your message, thanks. I'm new to this forum, but have responded to some posts already. I would enjoy talking with you sometime on possibly networking and helping each other out. Unfortunately I'm really slammed right now with new inventory and orders. I don't know when it will slow down, but when I get a minute or so, I will try to give you a ring. How are you doing with REO right now? Regards, KIRB