Short Sales, the MLS and Craigslist Rentals - Episode 184

This week is a listener mail week where we answer your burning real estate investing questions. If you have a question make sure you click on "Questions" on the top of the page and leave us your question.  If we read your question on the show you will have your choice of 2 really cool gifts from us valued at over $200!

Today's questions were...

"I have seen MLS listings for short sales that say one of the following: 1. Subject to Lender Approval - this is pretty obvious. 2. SHORT SALE with approval or we have approval price from bank  - Does this mean the approval price might be different from the listed sales price, and that the approval price is the only price the bank will accept?  Should I even consider trying to negotiate less than the approval price? I am basically trying to determine when it is appropriate to offer less than the listed sales price." from Cheryl B

and...

"I'm a buy and hold investor looking for ways to maximize my time with advertising my rentals. Currently I have 61 units and was wondering if you have any tips on how to keep my Craigslist ads near the top of the list without having yo delete the ad and rewrite it. Or do you know of any software tools that help you post rental ads?" from Cory B (no relation to Cheryl)

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