A word of caution to short sale flippers in Idaho

There are right and wrong ways to do property flips in Idaho.  Right now, I'd be very careful in doing any type of real estate transactions that may be construed as unethical or illegal.

The current state of the real estate market in Idaho is producing no shortage or opportunities for investors looking to cash in.  What I would say is this:

Be very cautious of what your getting into.  Especially in the realm of short sales.  The Idaho Real Estate Commission is currently investigating these transactions.  

It's not to say that there are not valid ways to invest in short sales but a lot of what's being taught out there by the "get rich quick" gurus is not only unethical but illegal.

A good rule of thumb is disclose, disclose, disclose. And do it in writing.  If you are feeling like there is something you need to keep from the lender or a seller in a short sale, there's a good chance you might be committing fraud. 

In any transaction you need to ask:

If you're not willing to disclose it, then why are you doing it?

A seller left feeling like they got a raw deal might land you in court and chances are you wouldn't be looked upon too favorably if there were items that weren't disclosed.