You’re probably familiar with the wholesaling process. And you might know the basics of what’s involved in a fix & flip, and maybe you know about the buy & hold strategy too…
But what about short sales?
Yep, just as I suspected… I hear crickets.
So in today’s post, I want to clear up some confusion about short sales by explaining what that process entails and how that type of deal can benefit everyone involved.
Hey Moguls, David Corbaley here... did you know that short sales have been done for years and years, and they’ll continue to be done forever?
Why is that?
Well, although it’s certainly unfortunate, there’s always going to be that situation where a homeowner – for whatever reason – is unable to make their mortgage payments.
The timeframe before the property goes into the foreclosure process is when the short sale can occur.
We’re going to get into the nitty-gritty details…
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.