Friday Coffee Break» flip

Are you Fat, Big Boned or just Over Indulged?

Patrick Precourt — Fri, 20 Aug 2010 15:11:21 +0000

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 their short sale approval letters and much more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

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Is It Fraud If You Flip a Successful Wells Fargo/ASC Short Sale?

Patrick Precourt — Sat, 22 May 2010 03:39:04 +0000

Flipping short sale properties is an incredible way to make money in today’s’ real estate investing world, however flipper beware! What I mean by that is beware of the coveted short sale acceptance letter and how it is written. Too many time I see banks try and slip in some sly verbiage that would make flipping a short sale practically “illegal!” Listen in as I not only cover this “hot” topic but I also cover whether or not you have to file a DBA (doing business as) of your LLC with every different county where a short sale you are negotiating is located, if a Land Trust still works in today’s preforeclosure business, when a homeowner is supposed to send in their house payment while the new HAFA short sale process is going on, how and where a new investor should begin their investing career, what to do when a banks loss mitigator will not update their notes when you call to check on the status of the short sale and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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The “Real” Advantages and “Real” Disadvantages of Having a Real Estate License in a Short Sale Flip Transaction

Patrick Precourt — Fri, 18 Dec 2009 03:29:23 +0000

I have been getting a lot of questions lately about what the advantages and disadvantages of having a real estate license are when doing a short sale flip transaction, so I figured I would shed some light on it in this video. Listen in as I not only cover this “hot” topic but I also cover whether or not you can change a buyer on a short sale transaction when you are stepping out of a wholesale short sale deal, how to make yourself a “named insured” or take over a homeowners hazard insurance policy on a “subject to” deal, how to structure your business when doing loss mitigation work for Real Estate Agents, rather than negotiating for real estate investors and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

Transactional Funding is a Glorified Simultaneous Closing!

Patrick Precourt — Fri, 11 Sep 2009 00:29:44 +0000

Many people hear that transactional funding is the answer to our flipping challenges! However listen in as I tell you what type of funding you will need to close your transactions now and in the near future. I also cover what a newbie should focus on when getting deals, whether a seller SHOULD or SHOULD NOT sign a promissory note from a foreclosing lender, how to get paid and who to get paid by when you can’t make a big wholesale spread and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos.

When To List And Re-list A Property On A Wholesale Short Sale Flip Transaction

Patrick Precourt — Fri, 17 Jul 2009 04:46:12 +0000

There has been a lot of confusion on when and how to list and then relist a short sale property when your intension is to buy and then immediate resell a property. Listen in as we go over how long we list a property with the homeowner before we relist it with our contractual right. We also cover, while negotiated a retail short sale whether or not we get paid when we get the short sale approved or at closing, whether or not we have “proof” that title companies and end lenders are shying away from option contracts and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.