At about the 2 minute mark, Pat answers a question from Ginny and her partner Rick. They say they are in Philly and its suburbs. I am also located in the Philly suburbs. I would like to get in touch with them and network.

So, Ginny, if you are Rick are reading this, please contact me via my website (linked into my name up top).

Thanks!

Happy New Year Everyone!

My Question is a follow up from a comment you made on Medley’s webinar regarding “subject to” transactions and insurance. How do you insure or take over the Homeowner / Hazard policy on such a deal and make yourself a named insured? The intent is to avoid the Due on sale clause, and be covered in the event of a loss.

Second Question: How do you structure a business to do the mitigation work for R.E. Agents for a fee, rather than being the investor. Who is paying us? The broker, the buyer, or the seller? Any advice? I have a small group doing short sales, and getting negotiations done but have had to step out and let deals go A to C. – I like your technique of a rescission agreement. We are doing it as an option release fee, for now. We haven’t done any A to B and B to C flips yet. I spent time this week getting local banks who have no seasoning requirements so we are ready to roll.

Does your course teach other techniques besides the Short sale flips, like REOs and Subject to, and / or lease options? If your course is anything like your presentation, I bet it is the best thing on the market.
Thanks
Alex