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Video Podcast #8 – Brian Meara – Wholesaling Short Sales

Video Podcast #8 – Brian Meara – Wholesaling Short Sales

05:17 14 April in Podcasts
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Show Notes

-Challenges with Short Sales (current and past)
-Deed restrictions
-20% cap profit under 90 days
-Entertaining a short sale when seller not behind on payments
-Second lien holders capped at $6k for Fannie Mae and Freddie Mac loans*
-Old techniques of getting around the hold period
-Wholesaling Short Sales
-Release and Termination of Contract
-Re-marketing the property on the MLS
-Right to review the offers
-Homeowner lists the property, Investor review the offers
-“Bad News Good News” Phone call
-Compensation to the investor
-Getting creative
-Your short sale negotiator
-Attorney’s and short sales
-Working with Agents
-Explaining the process
-*Quick Off Topic Political Discussion*
-Targeting agents to get started
-Explaining to agents in more detail
-Further attorney discussion

Flip Free Profits available for REIunite listeners. Contact brian@bormioproperties.com for more info

Resources:

Resources:
*https://ww3.freddiemac.com/loanlookup/
*https://www.knowyouroptions.com/loanlookup

Brian Meara’s Investor Entourage
http://www.investorentourage.com/

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