How to Secure a Good Real Estate Deal
Right now in 2010, you’d think it be super easy to walk up and have someone hand over the keys to their house. With hundreds of thousands of people in some sort of financial distress, it ought to be easy pickings…
But it’s often not. They know they should get out but they dont’ wan to. They know they can’t afford to stay but the thought of foreclosure pains them. Heck, some are ready, but if they move out, they’ve got not where to go, dont’ know what will happen and are just plain afraid that they’ll get caught out in the cold.
Can’t blame ‘em really!
So what is a good honest self respecting real estate investors supposed to do. How do you Help Them And Yourself at the same time?
Doing nothing solves nothing for either party.
Using typical MAO formula might cause you to hang up the phone after 5 minutes once you realize they’re not willing to work out a solution.
But as a Creative investors….”hand me the keys and I’ll take care of the rest” doesn’t always fly with these folks. They need and want more. They want something, want security, want knowingness that things will be alright.
Too many investors are only going after deals that fall in their lap. When with a small amount of digging and creative deal making there are much better deals ripe for the picken.
And guess what? If you’re a good straight up honest investor (and I hope you are) (damn you if you’re not, quit ruining it for the rest of us) you can actually end up really helping some families find good solutions.
So, beyond your typical ‘deal calculation’ formula how bout adding a few of these things to the mix. They’ll help you secure MORE deals, that you’d otherwise have tossed.
1. How to help them KEEP their house and you still win
2. How to use Loss Mitigation to help them stop foreclosure
3. Hook up with a short sale negotiation firm to handle their short sale for them
4. Negotiate wiht the bank yourself
5. What about Loan Modifications…how does this help you? good question, but it can.
To many of you are ‘cutting your losses to early’. I’m not suggesting adding a ton more work to your load, but with a few more options in your bag, you might just come out the other side with more deals and more lucrative deals.
AND…You’d be the hero for helping these folks out.
Norm
PS. My friend and fellow investor covered some of these options in Section 4 of his 82 page Special Report “The Foreclosure Meltdown”
you can download it here if you want: http://www.20dealsamonth.com/blog/justin























