Short Sales A-Z Questions and Answers
Posted March 3rd, 2010
Edwin,
In my market, to my opinion, short sales are more of realtor deals. I am in Portland, Oregon. Not enough discount on investor deals. I used to flip before. When that comes around again, I will do it. So presently I focus on being selective on my short sales and do them for realtor commission. I don’t know your area. That is the truth. All else I would be guessing.
Why learn short sales? They are the bigger part of the real estate market now.
The other answers: Not all the markets work the same. There are different models of the business. Some of the answers are personal opinions only.
I don’t do coaching. I give you a good deal on the course. You will see that you won’t need the coaching. The course is very detailed and easy to comprehend.
Oscar
At 12:16 PM 3/3/2010, you wrote:
Thanks …
What is unclear is on number one question..
There are different models I can now break into real estate investing…I only do hard money brokering at this moment but wish to capitalize on the market conditions.
Out of the various business models for real estate investing I wish to focus or specialize in 1 or 2 areas based on market conditions. I am having problems since there are different views coming from those selling their courses.
All I want is the truth from them so I do not waste my time so hard to figure who is telling the real truth and who is not.
So my question to you is just a few more, and clearing up no.1 question which was unclear answer to me.
1) what are the top real estate investor business models and areas new investors like myself should focus on based on market conditions and my market is nyc and tristate areas of nj, connecticut…
2) not interested in rehabbing so what are top areas to consider at this moment
3) is short sales a good area to be thinking about right now because of market conditions or is it a bad time
4) did not really answer no.1 about the different ways I can profit from doing short sales I can research this and will find out but would be nice if you can answer this in a summary format so it will be a quick answer just need the various ways i can make money from this so that i can make some decisions on whether to invest on a short sale course.
5) short sales is a slow process is there a quick side to this
6) why short sales over other rei business models when people say it is a slow grueling process
7) what I have heard is not a great area since banks in nyc once they find out the profit being made get pissed if things are not fully disclosed to them and may come and sue all others involved or something like this so is this a good area to focus on in nyc if so why and how…I am in nyc which is an attorney state not a title state which is more difficult
8) anyone reason to learn short sales even if it is not my focus …
thanks for getting back…how does your program work with coaching if any…:)
Edwin,
Here are your questions answered in blue. You will be very happy with the Short Sales Biz Master Suite. Just look at the testimonials.
Oscar
At 04:47 AM 3/3/2010, you wrote:
1) what are the different ways i can make money with short sales – Realtor commision, flips, hold – Depend on your market conditions which is better
2) short sale mitigators how do they make money with the banks do banks pay them or the people they are helping how do they make money heard they get 4-5pts for their service so how is this possible – This varies depending on banks, servicers, investors holding the mortgage, etc. Not all get paid commission. The goverment is covering bank losses now. So add that to the mix
3) i currently do hard money brokering any way that this ties in to short sales if so then how can i capitalize on this. You can make cash offer
4) this training is good only for certain states or nationwide. Nation wide
