What is a short sale? It's when the property owner sells for less than what they owe on their mortgage.
Method #1: Get a property in the "pre" foreclosure stage before the property owner officially loses their property to the bank. This is done in the form of a "short sale" which I'll explain in a minute.
I will boast that I created a highly effective TESTED and PROVEN system to streamline the process for huge cash payouts in your pocket. That's why I call it the "2 & 2 & 2" Method TM .
Method #2: Acquire a foreclosure directly from the bank. And, no, I'm not talking about auctions either.
"condo conversion"). THIS IS WHAT WE ARE TALKING ABOUT HERE WITH APARTMENT BUILDING FORECLOSURES! Now, I'm not going to boast that I "invented" the foreclosure investing process because I didn't.
Multiplied by what you can do WITH the apartment building foreclosures... Technique #1: Get your property and KEEP IT to rent it out for monthly passive income and you can later choose to sell the property when the market goes up or cash in with monthly rent profits for years to come.
Technique #2: Get the property then FLIP IT for instant profits. (Not recommended in today's real estate market.) Multiplied by what you can do for BIGGER PROFITS ...
I've been able to polish and refine each step so that you can follow a simple "blueprint" and enjoy massive payouts from my simple step-by-step plan.
Let me explain a little about how this all works: Foreclosures and short sales are extremely profitable.
This is extremely popular in this real estate market since so many people bought at the peak and now the appraised value is worth much less And you can offer even LOWER of an asking price with my secret strategy...
If the property owner is in pre-foreclosure, because of the types of "exceptions" mortgage lenders are starting to accept (because they don't want another foreclosed property), you can negotiate what's called a "take-over short-sale" which will allow you to legally take over the property with the loan in your name for an amount LESS than what the property owner owes on the home (if the property is worth less than what's owed on it).
Strategy #1: Fix up the property before reselling it for BIGGER PROFITS. Strategy #2: Purchase multi-unit foreclosures (apartment buildings) and "convert" them for individual sale (i.e.