Real Estate - Can we talk short-sales?

[jmsremax]

Originally Posted by MiamiE

You have more experience than me, but why not put a little less down payment and take the hit on the interest rate, being the property wont be around in 5 years. Assuming your plan is to renovate, rent, and flip.

This is how we got into this mess in the first place. People got stuck with properties for longer than they anticipated and ended upside down or in foreclosure.