More About Where to Invest and Short Sales

Good Evening Friends,

I had questions about what to do if you live in one of the areas where the market is WAY down like Vegas, Phoenix, Miami and so on. As I said yesterday, we invest in the Midwest because values rise slow, but steady. We either wholesale properties or keep them for long-term wealth. If you have the means, long-term holding is a great investment strategy right now. Property values are falling and falling, so you can help someone out of foreclosure while getting a great deal for yourself.

If long-term investing is not up your alley, find a great deal, do a short sale, and then wholesale it for a quick profit. Today, I want to cover more about short sales:

In a nutshell, a “short sale” is negotiating with a mortgage holder to accept less than what is owed as payment in full.

A short sale is my favorite strategy when I find a distressed homeowner who owes the bank close to or more than what the property is worth.

Here’s how it looks: The homeowners owe $200,000 to their first mortgage holder and the payments are in arrears. Their property is worth $200,000 in retail condition. With the proper negotiating strategies, you get the bank to accept $100,000 as payment in full. Therefore, purchasing a $200,000 retail property for 50% of its value. Sweet, huh?

With proper negotiations you can take deals that most investors pass on and turn them into amazing deals. Some of my largest checks have been from deals that had no equity.

There is a lot of controversy surrounding short sales. Many investors state that banks don’t do them or that you can’t get good deals any more. Like I have been saying, I have been doing short sales since 1996, before I even knew they were called short sales and they are great!

The key to successful short sales is to build a great case and a replicatable business. When you get a short sale accepted, do something nice for the bank representative. Take the time to build relationships within the banking industry. Building these relationships will insure your success. At some point, you’ll be able to call the reps and simply make your offers verbally. Once the offers are accepted, the rep will tell you what to send.

Imagine … only having to make a call and, bam, the deal is done. Investors, that day will come. In the mean time, I’ll teach you how to make money along the way.

Don’t let anyone discourage you from becoming a short sale expert. Do what we do and you’ll be very successful. That is what you want, isn’t it?

Read on …

Hi there! This is the third testimonial and it does bear repeating!!! Thanks so much to Dwan for her telebootcamp seminar. I had turned this particular person down twice. No other investor would help him either. He was overleveraged and going to foreclosure. With great delight, I was able to help this person avoid foreclosure, help with his credit and receive a $36,000 too! This was my first short sale! Thank you Dwan! There are so many real estate gurus around. None like Dwan and her staff. Don’t waste your money with High Dollar Real Estate Guru Speakers!!! What you are looking for is High Value Real Estate Teachers … and Dwan will be there when you need her. Other speakers will only be there when they want you to buy something. Thank you so much Dwan!
Johnna Lodge- Georgia

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Have a Blessed Day,

Dwan
www.theieu.com