What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesMay 27th, 2010 | one response
Investing in today’s real estate market has so many perks it would take me a book to write them all! However, it does not come without its many challenges and one of them comes when you wear more than one hat; one as an investor and one as a licensed real estate agent! Listen in as I cover what your direct fiduciary responsible is to your client when you are both (it’s a fine line so beware!)We also cover when FHA’s short sale clock starts when negotiating a short sale, how to prevent buyers from walking on your short sale transaction, whether Freddie Mac’s anti flipping article is effecting...
Can I Operate A Real Estate Business Without A License?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real EstateMay 13th, 2010 | no responses
The HAFA Program, the S.A.F.E. Act, the “Debt Negotiation licenses and so many more it is getting harder to keep track of whether or not I can even invest in real estate! Listen in as we dig into whether or not investors need to have some sort of license to have a real estate business to play in today’s real estate investing world! As listen in as we cover whether or not you can negotiate the verbiage on a short sale approval letter when they state “we reserve the right to pursue a deficiency judgment for our loss” or if it is standard for all approval letters, whether or not California...
How Long After a Short Sale Can a Lender Go After Me for the Difference?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesApr 16th, 2010 | one response
Don’t you feel like it seems like the short sale game is changing on a daily basis? One day the government comes up with a new program that states our sellers are not liable for the tax portion of the forgiven debt only to find out that again they wasted the Tax Payer’s money (our money) because only a tiny pool of homeowners actually qualify! Listen in as I go over how long after a short sale transaction that a lender can go after our clients (the homeowner(s)), what to do when you are negotiated a short sale only to find out the lender requires the property be listed by a licensed real estate...
In Real Estate Winners Never Quit and Quitters Never Win! Which One Are You?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesMar 12th, 2010 | 4 responses
In the real estate business quitting or even thinking of quitting is NOT an option! Time and time again I hear too many investors making some sort of excuse! (I am waiting to start because… I can’t do this because… I need to get more educated because…). If you take action and keep pushing through the hurdles you face on a daily basis you will have no other choice but to succeed! Listen in as I not only talk about this ever common business challenge, but I also cover how to weed through all the “GURU’s” on the Internet and which ones to follow, how to deal with a Realtor...
Not Paying Attention to Detail Can Land You in Hot Water!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateFeb 11th, 2010 | 3 responses
As a real estate investor, paying attention to detail is one of the most important things when you are running a successful real estate investing business. Listen in as we tackle a challenge that one of our Coffee Breakers is going through on a short sale deal. We also cover the “ONLY” Real Estate Documents that you need in your car at all times so you make sure you never miss a deal, the best options on getting paid in a retail short sale that goes A to C, whether or not your homeowner can get both a 1099 and a deficiency judgment on a short sale transaction, and much much more. Visit...
When to “Fire” your Seller in a Short Sale Transaction!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateFeb 4th, 2010 | one response
On this week’s Friday Coffee Break we go over the best time to say “thanks” but “no thanks” to your short sale sellers! In the short sale business you will sometimes have to be like Donald Trump and say “YOU ARE FIRED” to your sellers. Listen in as we not only cover this extremely important topic, but we cover the BEST handwritten verbiage to put on a postcard to get a homeowner to contact you over the competition, what sneaky things lenders are now doing when attempting to collect on a deficiency judgment, whether or not you can protect yourself against...
How to Get out of a Jam by a Misguided Pre-foreclosure “Guru”
Posted by Patrick Precourt in Real EstateAug 7th, 2009 | one response
Unfortunately, there are “Guru’s” that seem to be popping up all over the place in our real estate industry (some good, some bad) that are giving totally conflicting information. Listen in as I talk about a way of undoing a Land Trust deal that a Coffee Breaker is trying to get out of due to many things that were taught wrong! I also cover how to build a buyers list if you are a brand-new investor, if you could avoid seasoning when selling to an FHA buyer, whether or not there is a way to get a foreclosing lender to change a short sale acceptance letter and much more. Visit www.FridayCoffeeBreak.com...
How to Start a Real Estate Company If You Are a Brand New Investor!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJun 19th, 2009 | one response
Not knowing where and what niche to get into is a very frustrating thing in today’s real estate world! Listen in as I go over how to get started, what to focus on and what NOT to focus on! In this video you will get the answers to those questions. This video will also show you how to find a property owner that vacated their home, whether or not we get our loss mitigation fee paid on the HUD1, The best way to line up an end buyer financing on a back to back closing and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.
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How to Get Over the Challenge of Your End Buyers Lender Wanting to See Your Short Sale Acceptance Letter!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateApr 24th, 2009 | 2 responses
When you are an active preforeclosure investor there are some hurdles you will need to get over in order to take home a big paycheck! This video will explain in detail how to jump over some of those hurdles! Listen as I go over how to get around FHA seasoning requirements when a property is bought for $1.00, how soon you should start looking for a buyer when you pick up a new short sale property, how to overcome having to get the Deed signed, and much more… visit www.FridayCoffeeBreak.com for more real estate specific videos.
Knowledge is NOT Power — That is Why There Are So Many Broke Educators
Posted by Patrick Precourt in Real EstateMar 27th, 2009 | 4 responses
As a Real Estate Investor If you think Knowledge is Power you are wrong; that is why there are so many Broke Educators! This video will cover why and how to take your real estate knowledge and apply it to create that power! Also, listen in on how to separate your real estate agent license and your investor hat to profit in the short sale business, How to get a short sale accepted before you submit an offer, how and why a real estate agent can pay a non real estate agent a fee for negotiating a short sale and much more.
Visit www.FridayCoffeeBreak.com for more real estate specific videos.
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