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Category: wholesale

How to Get Killer Short Sale Comps

How cool would it be if you could know upfront and in advance what price the lender will accept on your short sale offer?

That’s exactly what you get to know if you follow this killer short sale strategy (click play to watch…)

Save 50% on GotForeclsoure Short Sale Secrets – Limited Time Special Offer

Are you struggling with short sales? One of the biggest issues is knowing what price the lender might accept.

There is an easy way to find out!

Every day in your area, dozens of properties are sold (or not sold) by lenders at trustee sales or foreclosure sales.

Many of these properties ended up at the sale because of failed short sale negotiations.

Here is the “Ah-Ha” moment: The same lender who was stone walling you and not letting you know what price they would really go for, reveals the price right here – in the opening bid amount of the trustee sale or foreclosure sale!

Now that the volume of foreclosure sales is so high, the opening bid amounts of comparable properties are true short sale and wholesale comps. Use them to add to your powerful arsenal of short sale negotiation weapons.

This powerful strategy – and many more are inside GotForeclosure’s Short Sale Secrets – now available for a limited time at 50% off – click here for more!

Questions or comments? Leave them below and get more exposure for your own real estate investing!


Freedomsoft Review – Who Should Buy

Freedomsoft is a new real estate business and deal management software that is being launched by Wholesale guru Preston Ely and his partner Pete “the Ninja”.

Given the wide distribution of promotional materials through a large network of affiliates, you have probably already seen and heard about Freedomsoft from different sources.

So, instead of giving you a “review” of features etc. I will give you some thoughts in this blog post to help you figure out if this program is right for you.

Freedomsoft Deal Management

Any wholesaler or real estate investor who is doing multiple deals at any given time, and more than 2 to 3 deals a month could benefit from deal management software to streamline your business.

As a rule, you will need something to keep track of all the details on the deals you juggle, otherwise you end up doing a lot more work and probably losing some deals because you can’t keep up with them.

However, if you are just starting out, and your deal vloume is still pretty low, or you haven’t even really started yet, the money you could spenc on this software would probably be beter used to get your marketing machine going and attract some more deals and buyers.

Just “Getting Ready”?

My point is, many people get all tweaked out about “getting ready” to start real estate investing.

And so many times this is just an excuse for not getting started on the things that you really need to do if you want to build a real estate investing business.

Some of the things you need to do to get started are really simple and you won’t need any kind of deal or lead management system to get them done.

It may be just the bad feeling that you get when you think about picking up that phone and introducing yourself to a rehabber in your area so you can start building a real relationship with a real buyer.

But THAT’s what you NEED to do, and no software or management system will get you any closer to it.

Already a “Big Shot Investor”

On the other hand, if you have already done a fair amount of deals, and are really looking to ramp it up…

Or, if you are just drowning in your files with short sales and wholesale deals all mixed up…

…then Freedomsoft may be a very good answer and solution for you!

This is one of those “business tools” that you should by WHEN you need it – not “IN CASE” you need it!

You can check it out at this link!


HUD Waives 90-Day Seasoning

It has been kind of expected among real estate and mortgage professionals. Today came the official announcement from the HUD office.

As of 2/1/10, FHA buyers can buy properties that have been owned by the seller for less than 90 days.

Of course, there are some strings and conditions attached. Watch this video for details…


Resources:

Release text

PDF of detailed conditions

What do you think about the impact of this temporary waiver? Engage and leave your comment below!


Best Wholesale Webinar Ever

2010 will start with a big bang here at CaWholesaleDeals.com

Over the next few weeks we will bring you the Best Wholesale Information Ever.

Starting on the 7th with a wholesale webinar that will make waves.

Over the months and years in this business I noticed that many beginning real estate investors are following the advice to begin with “wholesaling”.

Because that is the best way to get into the game with no money, no credit, and none of the risks that are involved with many other real estate investing strategies.

Plus, a real “wholesale deal” is supposed to close within a few weeks, and you can get paid for your efforts THAT QUICKLY!

Problem is that many beginning “wholesale investors” are confused. They think if they only know the “numbers”, and locate a deal that fits the numbers they’re good to go, and banking day is right around the corner.

Following the common advice of several “wholesale courses” they go out and start “tying up” deals with “Flex Options”. And if that works, they “market” these deals to their “investor network”. (I know the quotation marks are getting annoying…)

The thing that usually happens next is that a bunch of the “investors” from the “network” are responding with the suggestion to put a “Flex Option” on this deal so they can “market” the deal to THEIR “investor network…

Now, don’t get me wrong, creating some form of paper trail that shows that you are a PRINCIPAL in any deal you market is absolutely necessary!

Because otherwise you’d be acting as an agent without a license, and that can get you into trouble real fast.

My point here is that SOMEONE has to dig up an ACTUAL BUYER for any deal that’s going to pay a wholesale or finders fee to anyone.

And relying on the chance that someone on your “network” has someone on her “network” who might know someone who is potentially a real buyer…well that is one of the worst ways to get actual deals done.

The true reality of wholesale investing is the same as in any other buisness on the planet: YOU as the seller has to know what your REAL BUYERS want and need.

Now, we’re not going to give you a new run-down of the kind-of-old “opposite world” strategy (which is finding the buyer first, and doing this by accumulating large amounts of  “wholesale investors” – the “Flex Option” people who are NOT REAL buyers!)

No!

In this webinar, we will give you detailed, intimate insight into what a REAL BUYER needs and wants from a real “wholesale deal”. That “real buyer” – you might have guessed it – is someone who has cash (preferably) and/or credit (much harder to do a deal) to actually buy it, fix it and flip it (or hold it).

Meet Joe Rehabber

Joe Rehabber is real. He has done over 20 profitable rehab deals just this year alone, over 250 career total.

He has been active and successful in up-markets, down-markets and sideways-markets.

He will share his story of losing big in the “Savings- and Loan Crash”, and how he had to start from scratch – with no money and horrible credit.

And how he did it doing the only thing he knew: Fixing up houses.

Getting to know Joe will give you invaluable insights into the needs and wants of the REAL BUYERS of your wholesale deals: REHABBERS.

Now, this webinar is completely free, and there will be no selling whatsoever.

It will make a big difference for you to attend.

If you are a wholesale investor,

if you are (or want to be) a rehabber – that’s where the big bucks are made, right?),

even if you are a short sale investor (because some short sales could be what a rehabber needs.)

So, I hope to see you on the 7th.

Register here, seating is limitted, and thousands of real estate investors have received this invitation.


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