Fannie Mae is Choking our economy.
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Best Places to Find Short Sale Leads! Whether you’re new to the Biz or a Wiley Veteran!
October 29, 2010 By
On a daily basis, I get asked the questions, “Hey Pat, I am new to the real estate business and I was wondering, where is the best place to find short sale leads?” Or, “Hey Pat, I have been in business for years, where are you getting all of your short sale leads from?”… I can tell you this; it is not some hidden secret as to where to start or how we are getting them! Listen in as I go over how to get a steady flow of leads coming into to your office, and also how to determine what the best markets are to invest in by following some very simple “real estate market indicators,” also, why you should NEVER pay for an appraisal when the short sale lender suggests that you do, my take on the foreclosure freeze debacle, how to counter a bank that is unrealistic with their valuation, and much, much more.
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Must Read! Don’t Ever Forget Why We Are the Best Country in the World and Why You’re Are Still Free!
July 1, 2010 By
The 4th of July weekend is one of the most important weekends we have for the entire year and I do not want anybody to forget what our troops do for us and give us on a daily basis! They give us Freedom! Freedom to invest in real estate, Freedom to spend time with our families without getting harmed, Freedom to do anything we desire! So with that being said, enjoy the holiday weekend and support our troops! On this week’s Friday Coffee Break we dive into how the fact that, whether you are aware or it or not, our short sale business has drastically changed in the last two years. Banks used to take huge discounts just by picking up the phone and asking! Now they battle for each and every penny. What does that mean for me and you? Simple. Change your business model just like we did so you can now profit off of every real estate lead that comes across your desk! Listen in as I go over how we adapted our real estate business to fit the current changes and how you to need to follow suit or you will be out of business! Also listen in as I cover how long BPO’s are good for when working a short sale deal, whether or not HOA fees can be negotiated on a short sale transaction, where any new investor should start their real estate investing career, whether or not you should submit back up offers to a foreclosing lender, whether a buyer should lose their deposit on a bank owned property if there is an easement issue, whether a Bank of America Loan Officer is any better of a short sale negotiator than you or I, and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.
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Beware Of The “Hawkers!” Research Your GURU Before You Invest In Their Education
June 10, 2010 By
I get comments, on a daily basis, about new real estate investors being so confused on who they should be listening to; reason being is that every so-called “Expert” seems to be touting the next “cutting edge” idea that will CHANGE the real estate industry. I will tell you what, it’s all a bunch of crap! Listen in as I tell you what to look for and what to do before you invest one red cent into an “online educator.” Also listen in to find out if short sale investing is a great place to start your real estate investing career, where to find out how to get HUD-1 settlement statement training, why you should be wary of who funds your short sale transactions, how to assign a short sale contract and get paid, whether or not you have to be behind on your mortgage to qualify for a loan modification and more.
Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises.
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The Truth About Whether Or Not The REO Market Is A Waste Of Time!
June 4, 2010 By
Buying and holding, buying and rehabbing or buying and wholesaling REO properties has been an absolute craze with today’s top Real Estate Guru’s… The questions that I always get are: Are the Guru’s right, are they wrong, does it work, are they full of crap, etc? Listen in to today’s Friday Coffee Break to see the facts and what the real truth is… Also listen in to find out whether or not you can subdivide a property in default; then short sale one parcel and keep the other free and clear, whether or not, on an “A” to “C” transaction, a property should be listed with the “A” Seller (as Seller) rather than “B” Investor (as Investor) so the bank pays the Realtor commissions, whether or not there is a fiduciary responsibility conflict with being an agent and the investor when doing the A to B and B to C closings with short sales, whether or not you need to get short sale documents from an estate when the subject property is over-debted and more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.
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