I’ve had a flood of questions asking me about both the REO and Pre-Foreclosure Short Sale Mastermind courses I have coming up. So I’m going to first answer those important questions… And then I’m going to share a *Brand New Announcement that is going to help you grab the low hanging fruit, and completely change how you run your business.
Does This Sound Like You?
“I just don’t know where to start Alexis. I want to make money in real estate with foreclosures. I’m afraid that I can’t do this or worse yet, I’ll lose money in the process. What do you recommend for me – Short Sales or REO’s?”
To begin, I can’t recommend either of them to you without knowing what your goals are. You see foreclosure investing isn’t just about buying a home to flip for profit.
It’s About Having a Plan of Action.
It’s about knowing how much you need… or want to make… and by when.
Without knowing the answer to these questions you’re setting yourself up for failure. I don’t know how to be any more up front than that.
So… How Much Do You Want to Make?
If you’re looking to make $10,000-$15,000, without taking any market or rehab risk, then you can make your money doing contract assignments.
If you’re looking to make $30,000-$60,000+, then you’re going to want to purchase a property for rehab and flip.
I get this question a lot too…
How Quick Do You Need to Make Money?
If you want a payday in 30-60 days, you will want to do a contract assignment to another investor.
If you can wait 60-90 days, then you will want to a fix and flip to an end user (homeowner) buyer.
And this includes how to get around the 90 day deed restriction that many lenders are putting on their deals. Sorry, those details are only to be shared with my Mastermind Students.
Can you Assign a Short Sale or REO?
The answer is yes. BUT you have to have a few tricks up your sleeve first. Sorry, those details are only to be shared with my Mastermind students.
In Summary…
If you’re looking to make less than $15,000 or need the money faster than 60 days — you’ll want to do an assignment. Everything else you’ll want to make the BIG money with a fix and flip.
This Will Surprise You…
Let me share with you the story of a current Mastermind student. Keep in mind that we haven’t even officially started yet. She’s just taken the homework that I’ve sent out and from that has already tied up a property. That’s BEFORE we’ve even started.
The homework is just that good to get the ball rolling so that when we have our first training call you’re ready to hit the ground running.
*You Are the First to Know…
As of today, I’ve added a New Feature to our Foreclosures.com list site. You are now able to search lenders.
This is HUGE! You’re now able to search short sales or REO’s by the lender name. If you know which lenders are offering the biggest discounts in your area… You can now search specifically for them by name.
I don’t know if you know how great this really is. The low hanging fruit doesn’t get any lower than this.
Wondering which lenders are offering the biggest discounts in your area?
Well… that’s what the Mastermind is for. In your first homework assignment, I will share details on how you can discover which lenders are discounting the most in your local area. Then I will give you a specific plan of action, proven scripts and budgetting spreadsheets you need to succeed.
Whether you’re in the REO or the Short Sale Mastermind the ENTIRE purpose is for you get your first deal under contract.
I’ve Designed These Programs Just for You, The Serious Investor…
It’s my goal for you to have your investment into the Mastermind pay for itself by the time you finish your 6 weeks with me. Anything other than that is failure in my book. I want you to succeed at this. PERIOD.
If you’re not currently working either of these markets, what are you going to do?
I’m not sure which is going to be the best fit for you. I’ve included the links for the two of them for you to consider…
Pre-Foreclosure Short Sale Mastermind
What works best for you, Pre-Foreclosure Short Sale or REO? Tell about your experiences, ask questions, or give advice in the comments below.
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