A Short Story on Short Sales: An Introduction to Massive Profits
Date And Time
Tue, May 24, 2022
12:00 PM - 1:00 PM
THIS EVENT IS COMPLETELY ONLINE
Guest Speaker: David Randolph - Real Estate Foreclosure and Short Sale Expert
Presentation Topic: A Short Story on Short Sales: An Introduction to Massive Profits
Do you want to buy houses where the Seller doesn’t care what the sales price is? Houses with no other competing buyers? In today's market, many investors are finding themselves unable to locate houses to rehab or rent that make any profit. Because sellers want a premium price for their house, many buyers are competing for very few houses, driving up the acquisition cost.
As of April 1, 2022 there are 1.5 Million home owners who are more than 120 days delinquent on their mortgage payment, and most of those are 18 months behind with no hope of paying it off. Even if the homeowner has 40% or more equity in the house, ONE THIRD of all those houses wind up being foreclosed on. These are ideal candidates that are likely to be interested in negotiating a short sale between you, themselves, and their lender (e.g. bank). This little-known real estate niche is a great way to potentially earn massive profits on every house you negotiate and purchase for many years to come.
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