Thursday, January 7, 2010
Flipping short sales
Ok, lets move onto the questions of the day: Eloise asks: I have had 3 recent foreclosures on rentals.How will I be able to bu'y short sales? D.C.: Flipping short sales with my virtual short salestrategy does not rely on your credit. You can have nocredit or terrible credit and make as much money as youdesire flipping short sales because my transactional funderdoes not check your credit. I’ll show you how to do it indetail tomorrow night. Join me here: http://www.dcfawcett.com/go Joe asks: When you submit your short sale package, your downgood faith money, what is amount you would normallysubmit...D.C. I don’t submit any earnest money down. You need toposition yourself as the expert and the solution to the realestate agent and their seller. They need to follow yourguidelines. You do this by using a well-craftedpresentation. I’ve created the presentation for you and it’sin the ARMM forms disk. Matt is going to be showing you moretips for working with agents and overcoming their objectionson tomorrow’s webinar and at the VSSI Live event in Jan. If the agent insists on putting something in the contract onthe earnest money deposit like, use TBD. And you are alsocovered in the addendum I provide for you in the AcquisitionPaperwork because it says that you don’t need to write thecheck for the earnest money until the short sale is approvedand you don’t need to approve the short sale until theclosing happens. You are covered. Talk to you tomorrow night at 8:00 pm ET, DCP.S. We were completely full last for last Tuesday’straining with me and my top student. We’re doing it againtomorrow night and we’re almost full. This is the last timewe are doing this training. So if you want to see it againor if you missed it, this is your final chance.
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