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Old 09-28-2005, 07:33 AM
cmcd04
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Default Re: Short Sale Techniques

hello i am new to the group, a real estate investor here in austin
texas.have done a few flips but want to go other different ways of
buying real estate. i did go the wedsite on shortsales and think i
will give that a try,since i got a realtor e-mailing me bank
forecloures and pre-forecloures.seems like you did real well with it.



--- In IncomeProperties@yahoogroups.com, "John Coldwell"
<sagsterism@a...> wrote:
> I found a system better than the many others I have tried in the
past
> for the simple fact that it only costs me a fraction of what I paid
> for other programs and the information was easy to understand and
> apply. The name of the book is called "Making Money with Short
Sales"
> I found out about it while doing a search online for Short Sale
> information (www.shortsaledeals.com). I posted a comment on a real
> estate discussion board to see if anyone had used the book before.
I
> got a reply from an investor that said he bought it 6 months ago
when
> he started bird-dogging but soon starting buying property on his
own.
> I met another investor a few weeks later and he told me that he was
> buying property with no money down using the same system. He
> recommended that I pick up the book if I wanted an easy step-by-
step
> system to follow. I followed the steps recommended to locate me
> first deal and submitted my first offer a week later. I was
> confident enough to promise myself that my first deal would be
closed
> in 1 month. Needless to say, I was wrong. I closed my first deal
in
> 1 month and 3 days. The property was appraised at $134,000 ARV and
I
> got it for $105,000. Instead of keeping it, I sold it to another
> investor for a quick sale at $115,000. After all fees were paid I
> made $6,350. Not bad for my first deal.
>
> I believe that facts tell and stories sell, so I thought everyone
> would appreciate the story. If you are looking for a No Money Down
> system that gives you step-by-step instructions, go to
> www.shortsaledeals.com and check it out for yourself.
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