pick a segment of the Short Sale market and become the expert on all pricing, all sales, all agents, all factors and then insert yourself as the solution provider for all of that market.
But back-to-back closings are certainly the cheaper way to do the closing, but it’s not the only way. The big thing to remember about holding onto the house for a month is that you have an exit strategy so you’re not going to get stuck with the property.
California has always been one of the top markets for Short Sales, but right now the level of confusion among real estate investors is at an all-time high. Everyone seems to be freaking out in California looking for answers and trying to make sense of all the various opinions, new rules, and trying to figure [...]
So we just wrapped our first-ever Ultimate Foreclosure Course live event in Las Vegas last week. In case you’re not familiar with it, the whole idea of this was to do a totally new type of real estate event that didn’t rely on the same old format of every other seminar out there. So we [...]
You could very well end up losing your house to foreclosure while you wait for that “best offer” that you “bring to the bank.”
If the property is the seller’s primary residence, debt forgiveness income will not be considered taxable income up to the amount of the purchase money mortgage.
Like I’ve said before, so many lawyers (and other real estate professionals) simply DON’T UNDERSTAND Short Sales, so their knee-jerk reaction is to advise against them, even when the Short Sale would save the homeowner from a disastrous foreclosure.
Teaching Short Sale investors how to structure their transactions in a 100% ethical and legal way is something I do at my Breakthtrough live events.
at Breakthrough we help you identify the right professionals to put on your team in the first place – how to find attorneys and title companies that understand what you are doing and can help you do it correctly.
Using an end-buyer’s lender’s money to fund the investor’s acquisition of the original seller is not a common practice today and is something I always strongly caution against.
