What is a Short Sale in Real Estate?

 

"Fact: More people became wealthy during the GREAT DREPRESSION than in any other time in US history. One of the most powerful methods used to generate that wealth was with the real estate short sale. You're about to discover the secrets only a select group of saavy real estate investors know that allows them to consistently make not just 10 or 20, but upwards of $30,000 on each and every short sale deal... EVEN in this HORRIFIC, crappy, and depressing real estate market!"

As you well know, the real estate market is in despair. NOW is the time to get smart about how to buy short-sale foreclosures. Banks are practically giving these properties away, but only to those who know how to ask! Saavy real estate investors have learned the ropes about how to navigate the loss mitigation departments and negotiate RIDICULOUS returns for very little if not ZERO RISK! There's more opportunities for mega-thousand deals now than ever before! Are you going to continue sitting on the side lines or are you ready to play???

 

Dear Future Real Estate Investor,

Allow me to lift the fog and show you how simple it is to buy short sales!

The book with a funny name that changed my life

Several years ago my father referred a book to me that changed my life. I know that sounds pretty dramatic, but it's true. At the time, the book was getting a lot of buzz and my father told me that I just had to read it (this was ironic because he hadn't read it himself! I think he just wanted to get the credit for referring it to me... do you know anyone like that?)

Anyway, the book had a funny name so I reluctantly agreed to take a copy he had on hand. It quickly found its way to my bedside table where it sat gathering a bit of dust and eventually got burried under another book I wanted to read.

It wasn't until I actually started to hear the buzz about this book from another source that I thought... "hmmmm. Maybe I should check this out."

So, I went back and pulled it out and looked at the cover. It read, "Rich Dad Poor Dad - What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! by Robert T. Kiyosaki."

Reluctantly Surprised

The second I started reading the book, I couldn't put it down! I'd been hunting for books about financial freedom because at the time, we were all nervous about the potential Y2K scare.

The Rich Dad Poor Dad book explained the fundamentals of financial freedom so well, that I convinced my wife that we should move to Florida and get involved with real estate investing as soon as possible.

Passive Income Through Real Estate

As my real estate investing career started to take off, I learned that I needed to make big chunks of cash so that I could reinvest it into larger, cash-flowing properties. That's when I started looking into buying foreclosures because I'd heard that other investors were making upwards of $30,000 and even $40,000 on each foreclosure deal!

So, I started reading everything I could on the subject. Some new investor friends of ours suggested we go to a Jeff Kaller bootcamp since they had recently bought his home study course and made over $44,000 on their first real estate short sale deal.

That was good enough for me!

My First Full-Blown Bootcamp

$5,000 lighter, I was sitting in my first major real estate investment bootcamp. Jeff moved pretty quick, but I was doing my best to keep up. I definitely walked out of the bootcamp with many questions, but I was confident I knew enough to sound like I knew what I was talking about if and when it mattered.

To my surprise, it wasn't a week after I got out of the bootcamp that my new education would come in handy!

What I learned (and what I'll be teaching you) is:

Exactly what a real estate short sale is - I made $98,000 on my first deal using this simple strategy and you can, too!

The exact, step-by-step process I use to put together profitable short sales deals over and over again!

The secret on how to contact banks – what to say and how to make an offer they CAN'T refuse!

How to buy your deal for little or NO money down! And even if your credit sucks!

How to get homeowners to say YES to your offer!

Now, The Proof

One week out of Jeff Kaller's bootcamp and I was already staring at my first real estate short sale deal. And it was a doozy. The homeowner I was working with had several properties in foreclosure complete with back taxes, multiple delinquent mortgages, a personal judgement and an HOA lien. If that doesn't all make sense to you now, don't worry! Because I didn't know what all that was at the time either!

But, boy was I glad I stuck with it. Probably because this first short sale grossed me $98,000! That'll make a believer out of you real quick!

Below is the sales data I pulled from the Palm Beach county property appraiser's website that shows my first short sale deal. (I blurred out the non-relavent buyer info, but you can look this up yourself by going to the appraiser's site, then clicking on "record search" and then searching by "P.C.N." with the following PCN number: 00-42-47-28-04-000-0890 as shown below. Click on the result and then on the "all sales" button to see all the sales history. Note: I deeded the property into a landtrust first (I'll walk you through how to do that) and then I deeded it to my S-Corp before closing so the proceeds would go to the company. This was probably one step too many, but hey, it was my first deal!).

 

I couldn't believe how easy it was to make $98,000!

You've probably heard stories like this before. In fact, I feel a little funny telling you that I'm one of those stories! I'm just a regular guy!

But, I will be the first to tell you that this is absolutely true. I really did make $98,000 on my very first deal. But, it's very rare to consistently make $98,000 on every real estate short sale. In an ironic way, it was a tough way for me to start doing real estate short sales because I thought they should all be that way!

That said , I'm also going to tell you that it is very conceivable to make $20,000 or $30,000 on each and every deal. Once I learned that $98,000 was not the norm, I realized that I could be very happy making $30,000 over and over again. My guess is that would work for you, too. Fast forward to today...

Real Estate Market Paranoia

While most of the people in this country are running around franticly about the current real estate downturn (this is putting it lightly), there are a select few who are licking their chops about the tsunami wave of opportunity currently available!

This community calls itself "real estate investors." But, I think this term is misleading. "Investing," at least in the traditional sense, consists of someone putting out $X amount in the hopes that they get that amount back, plus a little more. This is a very passive approach... one that doesn't work for true investors.

real estate short sale cover

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Real Estate Investors don't Invest

Real real estate investors are better labeled as real estate deal makers. These are individuals who've learned what makes a deal profitable. They know all the pieces that make a deal a deal. And certainly, one of those pieces is their profit! But, the biggest piece – the one that every profitable deal begins with – is the piece that defines "the problem."

In order for any profitable deal can be made, there has to be a problem to solve. "Problems" to a real estate investor = opportunity. Because the profit is in the solution.

Now, here's a striking news flash: Lots of people have lots of problems right now! You don't have to be an economist to know foreclosures are going through the roof. The secret is that it's not just homeowners who have problems. Banks have problems, too!

The Banks have Major Problems

To put it lightly, banks have major problems today! And here's another surprising fact: Did you know that banks don't want to foreclose? Think about it. They're not into buying and selling real estate, right? Their product is money. They package up their money in nice little programs called "30 year fixed" and "5/1 ARMs." They sell these packages of money to you and me. And they expect to make interest on these loans. So, when thousands upon thousands of homeowners stop making their interest payments, guess what? It hurts!

But, it doesn't stop there. Certainly, losing money isn't great. Not even for banks. The big kicker is that if they foreclose on many properties, it negatively affects their ability to borrow more money from the Fed! Lots of foreclosures on the books is a signal to the Feds that this bank doesn't know how to qualify who it lends money to. As a result, the Fed restricts how much that bank can borrow.

I made $98,000 gross profit on this house! (With only $342 out-of-pocket expense!)

To the left is a house that had $0 in equity (on paper). In fact, the homeowner was "upside down," meaning he owed more than the property was worth.

Several other people tried to buy this house before I found it, but I was able to complete 3 short sales (1st & 2nd mortgage and an HOA lien) and a release of a judgment resulting in a total gross profit of $98,000 using the techniques I explain in my course!

Can you see how this house might be a problem to someone? How about to a bank that is considering foreclosing on it? Do you think you could step in and offer a solution to the homeowner and the bank and make a "little" profit in the middle?

Now, you can! Learn how today for only $19!

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The Result? Huge Opportunity!

So, let's quickly recap what's going on:

1) Banks don't want to foreclose.

2) Millions of people are in foreclosure.

1 + 2 = Enormous opportunity if you know how to do short sales.

Banks want to cut their losses and move on, just like everyone else. And because foreclosure rates have climbed so sharply in the past several months, more and more banks are willing to short sale their mortgages to get out from underneath them.

By learning what the banks want, you can effectively negotiate win-win-win solutions for yourself, the bank, and Mr and Mrs Homeowner! It's a beautiful system.

This is a NO-Brainer Opportunity

I've been to several seminars from gurus like Jeff Kaller, Peter Conti, David Finkle, Mike King, Robert Kiyosaki and Todd Dotson to name a few.

And I've read hundreds of books on the subject.

In total, I've spent over $35,000 on my real estate education (NOT including the money I lost on missed opportunities!) and not including the years spent wasting time doing things the wrong way.

So, you can keep spinning your wheels learning a little bit here and a little bit there, or you can start to demand a different life. A life where you're in control, where you know with absolute certainty that you can make money in ANY market, good or bad. It's an incredible feeling not to have to worry about what the economy is doing!

 

This book describes in detail...

  • What a Short Sale is (I made $98,000 in less than 90 days using this strategy alone!)

  • How to negotiate with homeowners so they say YES to your offer

  • The secret 1-page document that makes me thousands more on every short sale deal!

  • How to make an offer the banks CAN'T refuse

 

You'll have the perfect start to making your own millions in real estate in the greatest time to BUY we've seen in years!

But, act now. I will not be selling this course at this price for long!

$19

This is the SAME information I spent over $5000 going to a big fancy seminar for!

 

If you're serious about making money in real estate? It's time to take action! For only $19 and a 90 day money back guarantee, you've got NO risk!

If the course isn't doesn't live up to what I've stated here, just email me at support@MyRealEstateShortSale.com and I'll refund you promptly, no questions asked.

Yes, for just $19 you will have all of the information you need to jump full force into an actual real estate short sale deal!

Why $19?

I'm only charging $19 for this valuable resource (and not just giving it away), for two main reasons:

  1. $19 puts the valuable resource within reach of the vast majority of people. It's not too expensive for even the humblest beginning real estate investor.
     
  2. Anyone who's not serious enough to invest $19 into this valuable resource isn't going to take the time to use the methods I laid out anyway.
     

So if you're serious about Making Money During a Real Estate Bubble Burst Without the Use of a Hammer, click the "Buy Now" button below.

Get Your Copy Now For Only
$19

Includes a 90 Day Money Back Guarantee so you have ZERO RISK.

If my book isn't EXACTLY what you're looking for, let me know and I'll refund your order right away, NO QUESTIONS ASKED.

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Immediate Automatic Download!

I look forward to helping you complete your first 5-figure short sale deal!

To your success,
Peter

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pete@myrealestateshortsale.com
877-773-6669 (forwards to my cell phone)

PS. I want this to be a right fit for you. If it's not, then I'm not doing my job and I'll expect you to tell me so by asking for a refund. I'll refund you promptly, of course, but I hope it's ok if I ask what went wrong so I can learn and make some adjustments. If you don't want to answer, that's ok. You can just get your money returned and I won't bother you again.

PPS. If you're still not absolutely convinced that this is a no-brainer, great deal with me taking all the risk, then please contact me via email and let me know what it would take to turn around your healthy skepticism.

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What is a short sale in real estate?