Hi there. Even at the risk of being wrong here, I think there’s a big misconception about these so-called pre-foreclosure or short sales.
To my understanding, most of these deals are wishful thinking on behalf the homeowners, who are trying to avoid foreclosure by selling their properties before the banks take them and they’re ultimately foreclosed on.
What’s perhaps even more important is that a short sale only qualifies as such when there’s a binding offer on the property, which has been approved by the mortgage holder.
Again, I might be wrong here, but while so called pre foreclosure or short sales probably make sense for distressed homeowners and mortgage holders, investors buying into these properties still do so at a premium. And so do you “ChildShieldUSA” funding these deals.
So, why not wait and gobble them up even cheaper when they go into foreclosure?
To get back to your question “ice45x” starting an investment firm of any kind with no capital is not a good idea and not a viable business proposition even if you have experience, expertise, and let’s say an interesting deal. At this point, there’s no shortage in either of these areas.
So, if you are still determined to get into this business, you can either explore teaming up with people who complement your own skill sets/resources, or you can try to raise a minimum amount of cash to fund your first couple of deals – though I wouldn’t recommend it.
If you’re still undeterred, doing a private placement might be your best bet. Under a private placement, you essentially sell shares in your real estate investment firm at a fixed price per share to accredited/non-accredited investors (it’s similar to an IPO, but without the “P”ublic).
You can find a series of online articles on our website at http://www.Insights.FastVentures.com
including a free guidebook on how to research, identify, and approach so-called high-net-worth individuals as potential investors in your offering.
I hope this helps.
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