Originally Posted by TrueSouthernPeach
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Basically what I'm asking is: How do I get started? How can I learn/teach myself all of the complicated skills of house flipping? What is the best way to do it financially? What can I do to prepare myself mentally and even physically while I save money? Please don't discourage me because I'm a girl. My family and fiance' have already told me that this is not something I should get into. However, I am deeply, and truly interested in this kind of work.
Thank you for taking the time to read this!
These days, learning how to do short sales is the way to go.
Countless people are being foreclosed on. The banks are in *big* trouble for writing bad loans and have a real high motivation to make them good.
So, basically, you find a house where the mortgage is at or over the value that is in foreclosure proceedings (a 'Lis Pendens' in the public records). You locate the people in charge of loans in default. Then get the owners to sign a tentative agreement (contract).
You create a 'Short Sale Package' including information on why the owners can't pay, why the property isn't worth the loan, pictures making the property look *bad*, etc. and you present it to the bank (loan defaults).
If you're interested, go to the book store and buy a couple books on 'Short Sales'.