How a Seasoned Investor CAN get out of a Steady Funk
Posted on 05. Aug, 2010 by Patrick Precourt in Business, Industry Changes, Preforeclosure, Real Estate, Short Sales
(No Ratings Yet)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 because the buyer is an LLC, the best way to fund all of your deals, whether or not lenders are actually selling “notes” on defaulted properties, and more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!
Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.
John Michailidis
06. Aug, 2010
“SW” stands for “soft” “ware” — software.
Sharon
06. Aug, 2010
You will not be able to get around the 90 days from Wells Fargo (or the 30 day thing…) You have to get creative and figure out how you are going to comply with it. Getting more and more challenging to “quick turn” any properties.
This is why we like cash buyers…who want to live in the property.