REIunite.com - Brian Meara - How to Wholesale Short Sales

REIunite - Bringing Together Real Estate Pofessionals of New Jersey

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 discussionFlip Free Profits available for REIunite listeners. Contact [email protected] for more infoResources:*https://ww3.freddiemac.com/loanlookup/*https://www.knowyouroptions.com/loanlookupBrian Meara's Investor Entouragehttp://www.investorentourage.com/For more video podcasts visit http://www.reiunite.comAlso, join the continued discussion for beginner to advanced real estate investing throughout New Jersey on our forums: http://www.reiunite.com/community