Why College is the Biggest Scam in America Today!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesSep 2nd, 2010 | no responses
Riddle me this? How much money should you have to spend, for college, only to get in debt up to your eyeballs, before you even get a job? The answer is: A heck of as lot! Listen in as I cover this hot topic and why more lenders (both REO and Short Sale) are disallowing transactional funding proof of fund letters. We will also discuss whether or not short sale lenders can put deed restrictions on a property when they are not the owners, plus whether or not REO banks can put deed restrictions on properties. How and why Home Owners Associations/Condo Associations and municipal utility agencies, become...
Are you Fat, Big Boned or just Over Indulged?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short SalesAug 20th, 2010 | 3 responses
I don’t know if it is me, but do you get the feeling that the majority of Americans feel they are entitled to anything they want without working for it? Listen in to today’s Friday Coffee Break as I breakdown this hot topic. We also discuss whether or not there is a law in Florida requiring a real estate investor to hold a property for over 30 days before flipping it, whether or not a same day flip is legal. We also discuss the truth about what a Wells Fargo short sale acceptance letter is requiring you to do, whether Wells Fargo and ASC (a Wells Fargo Company) have the same requirements on...
You Are Now Paying Your Unemployed Neighbors Mortgage!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesAug 13th, 2010 | 3 responses
Did I get your attention?
Good, because that is the latest thing that our tax dollars are going to be paying for. The program is called the Emergency Homeowner Loan Program and is going to cost us $3 Billion Dollars. Doesn’t it make you think… “Why I am working so hard?” or “Why didn’t I over leverage my house because I could have gotten bailed out?” Listen in as I cover this hot topic and also the truth behind whether you can sell a property with owner-financing now that the SAFE Act has passed. We will also cover whether you can short sale a property when the homeowner files...
How A Seasoned Investor CAN Get Out Of A Steady Funk
Posted by Patrick Precourt in Business, Industry Changes, Preforeclosure, Real Estate, Short SalesAug 5th, 2010 | 2 responses
Being in real estate investing for the past 12 years, I understand how it feels to get stuck in what seems to be the deepest pile of “quick-sand” there is; the grind, the challenges, the successes and the failures! Listen in as I go over how to overcome being in a steady “funk” and the best strategy to use when faced with this sometimes overwhelming feeling. Also, listen in as we cover whether or not we can get every lender to issue a 100% forgiveness of debt on every one of our short sale properties, whether or not it is common for MI (Mortgage Insurance) companies to disallow a contract...
Do Foreclosing Lenders Cross the Line by Black-balling Investor Buyers?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short SalesJul 15th, 2010 | no responses
In today’s real estate environment Lenders are doing more and more due diligence and scrutinizing the majority of short sale deals to try to save money. Listen in as we discuss what you should NOT do in order to stay off their BLACK BALL List! On this week’s Friday Coffee Break we also cover where the future of the short sale business is going, where to find out if you need a license to negotiate short sales in your state, how and where to escalate and FHA file, the best way to handle Auctions and whether or not they are an effective way to purchase properties and more. Visit www.fridaycoffeebreak.com...
All Real Estate Agents and Investors Screwed by Obama and Pelosi!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesJul 8th, 2010 | 10 responses
Have you seen the absolutely ridiculous tax that our fearless leader is going to be hitting real estate professionals and normal homeowners with in the very near future? If you are either, buying or selling homes in any fashion, this will apply to you! Listen in to this week’s Friday Coffee break as I cover this buried real estate tax that will affect you.
We also cover whether you can buy and sell a Fannie Mae backed bank owned property within 90 days, whether or not a short sale property needs to be listed when making an offer, whether or not you can withdraw a short sale offer after a BPO...
Must Read! Don’t Ever Forget Why We Are the Best Country in the World and Why You’re Are Still Free!
Posted by Patrick Precourt in Business, Industry Changes, Investment, Marketing, Preforeclosure, Real Estate, Short SalesJul 1st, 2010 | 5 responses
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...
Recession? What Recession? We Are Actually Running Into A Housing Shortage!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesJun 17th, 2010 | one response
As a lot of you may know, my job in my real estate company and as one of the main Mentors in our Fortune Builders Mastery Program is to stay ahead of any changes in the real estate investment world and to forecast what is coming down the road as far as challenges and opportunities so we can make money before everyone else jumps on the bandwagon. Well, I have to tell you, we will all be in for a huge surprise if changes are not made immediately! Listen in as I go over what our hurdles will be and also where our challenges will lie for the future of real estate investing! Also listen in as I cover...
Beware Of The “Hawkers!” Research Your GURU Before You Invest In Their Education
Posted by Patrick Precourt in Business, Industry Changes, Investment, Marketing, Preforeclosure, Real Estate, Short SalesJun 10th, 2010 | one response
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...
The Truth About Whether Or Not The REO Market Is A Waste Of Time!
Posted by Patrick Precourt in Business, Investment, Marketing, Preforeclosure, Real Estate, Short SalesJun 4th, 2010 | 2 responses
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”...
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