Investing Strategies
What Does the Short Sale Process Really Look Like? Part 2
Today’s jam-packed lesson is a follow-up to my previous lesson about short sales in which I covered a lot of solid information about the basics of short sales.
Hey Moguls, David Corbaley here... I started by explaining the difference between short sales and foreclosures, and I talked about the key players who are involved in both types of strategies: the homeowner, the lender and you - the investor. I also covered why short sales are usually the better option over foreclosure and how they benefit everyone involved.
You should definitely give Part 1 a read as it has a bunch of valuable info.
For today, let’s move from the basics of short sales into all the details...
We’ll dig into how I do short sale deals in my own business, why a Broker's Price Opinion (BPO) is such a critical factor in…
David Corbaley
joined the military right out of high school and became a special forces green beret. After 10 years he exited and joined the Seattle fire department. He started his real estate investing career in 2002 and bought his very first property on a lease option. After learning multiple ways to do a deal, like most investors do, he found a serious issue: He kept going broke. He was doing everything the courses said, direct mail, signs, ads and everything else. Same results: Do a deal, get paid, then find himself with little money all over again. Do another deal, get paid, etc. Over and over. The problem was not having leads to fuel his business. No leads or sporadic leads = no/sporadic business.
Finally, he went back to his Commando roots, and approached it from an unconventional standpoint. Then it happened. After 2 years of R&D and testing, he relaunched in 2006 and ended up doing 7 figures that year. It’s cool to have become a sought after marketing master. Companies now seek him out to consult for their business and marketing strategies. He’s known as “The Marketing Commando”, and for good reason: He’s trained thousands of real estate investors and business owners how to turn on the REAL power of marketing in their business.
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