Our company, California Housing Group, is in the business of making money. Aren't we all? We are actually buying short sale properties for all cash. Now most of these properties we turn right around and sell but some we keep for investment. The rule now that you have to hold a property for at least 91 days before you can accept an offer has thrown a kink in buying properties to turn around and sell quickly (I'd like to use the word flip but what a negative connotation that has). By the way did you know that flips are not illegal, Fannie Mae says so right in their underwriting guidelines. Anyway we resell all of our properties using conventional financing because of that rule. The point of this is don't let anybody tell you that flips are illegal they are not. If you need more information on this or short sales shoot an email.
We Put Our Money Where Our Mouth Is

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