Friday Coffee Break» north shore enterprises

Can I Operate A Real Estate Business Without A License?

Patrick Precourt — Thu, 13 May 2010 23:32:32 +0000

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 Short Sale Laws are different from other states, whether a buyer can finance a Loss Mitigation Fee on their side of the HUD or if they have to give us cash in order to pay us for our service, whether or not you should list all your short sale properties on the MLS before you submit your first short sale offer and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Pat Precourt.

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Are Short Sale Flips Illegal? Freddie Mac May Think So!

Patrick Precourt — Fri, 30 Apr 2010 03:44:56 +0000

On this week’s Friday Coffee Break Patrick Precourt digs into the latest Freddie Mac article that states that flipping short sales is fraud! If you are investing in short sale properties or planning on it you will not want to miss this week’s Friday Coffee Break! Does this article mean that our short sale investing careers are over or it just another “blown out of proportion” Enquirer type printing? Listen in as we cover this hot topic and also how to correct write a contract so a short sale lender doesn’t ask you for your LLC’s Articles of Incorporation, where our “investor opportunity” is in the new HAFA program, how the IRS treats forgiven debt, and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

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Disclosure, Disclosure, Disclosure — What Exactly Do I Need in Writing to “Protect” Myself?

Patrick Precourt — Fri, 19 Mar 2010 23:22:12 +0000

Disclosure is the number one thing that real estate investors and licensed real estate agents have to do in today’s real estate climate. When you are sitting with a seller or talking to them on the phone you have to make sure you are crystal clear on what you want to accomplish. If you are an investor “tell them” you are an investor, if you are looking to assign a contract that you have on their house “tell them”, if you want to do a short sale flip “tell them”, well you get the point! Disclose everything! On this week’s Friday Coffee Break we not only cover the proper disclosures that you need sign but we also cover what kind of language is considered “too vague” on a short sale acceptance letter, how to renegotiate a lower offer after you have already gotten a short sale acceptance letter, the important steps you need to take when you reselling a property to an FHA buyer so you DON’T screw up your deal, a clarification on the HAFA program and what investors the program covers and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Interested in attending our Short Sale Bootcamp in Orlando, FL on March 25-28th? Click here to learn more.

In Real Estate Winners Never Quit and Quitters Never Win! Which One Are You?

Patrick Precourt — Fri, 12 Mar 2010 07:34:21 +0000

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 that is demanding a big deposit on a short sale listing, my opinion on Toxic Assets and what they are and much more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt of North Shore Enterprises. Join us down in Orlando on March 25th-28th! Learn more at www.ShortSaleBootcamp2010.com!

With the “Updated” FDIC Loss Share Agreements: What’s the Future for Short Sales?

Patrick Precourt — Fri, 26 Feb 2010 00:12:30 +0000

Lately, we have been getting bombarded with questions about the FDIC Loss Share Agreements and whether or not this will crush the short sale world as we know it. I will tell you this; it will affect our short sale businesses. How much you may ask? Well listen in and I will tackle that “hot” issue! On this week’s Friday Coffee Break, we also cover whether or not using a Power of Attorney over an Authorization to Release information is better, whether the use of an Option Contract creates more confusion then it does good for investors, my read on the “new” FHA suspension of the 90 day seasoning guideline and how it will pan out in reference to our flip transactions and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and www.ManageMyShortSale.com to learn more about the Short Sale Management tool used by hundreds of other Preforeclosure Specialists!

What the “HAFA” is This New Government Short Sale Program All About?

Patrick Precourt — Sat, 20 Feb 2010 02:38:13 +0000

Will the sweeping changes coming in April 2010 regarding the HAFA short sale program affect your real estate business? It might! Make sure you listen in as I uncover what the program is, how it will affect what you do today and the real truth behind it. We also cover how you overcome the objection by realtors regarding deficiency judgments for a NON-primary residence, how the government wants to take away one of our exit strategies and how we sell our properties, how to correctly implement your online presence, and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from North Shore Enterprises. You might also want to check out the Short Sale Bootcamp coming up in March down in Orlando, FL by visiting www.ShortSaleBootcamp2010.com.

Not Paying Attention to Detail Can Land You in Hot Water!

Patrick Precourt — Fri, 12 Feb 2010 02:16:29 +0000

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 www.FridayCoffeeBreak.com for more real estate specific videos from North Shore Enterprises.

When to “Fire” your Seller in a Short Sale Transaction!

Patrick Precourt — Fri, 05 Feb 2010 00:21:28 +0000

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 a seller and their Realtor from pushing you out a deal and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos or www.ShortSaleFlagshipSystem.com to learn more about our Short Sale System!

Wearing More Than One Hat When Negotiating a Short Sale is OK – Just Cover Your A$$!

Patrick Precourt — Fri, 22 Jan 2010 02:56:35 +0000

On this week’s Friday Coffee Break we cover some awesome questions from you Coffee Breakers! We go over what hats you can wear when you are making money negotiating short sales, whether or not using land contracts (not trusts) are a problem when completing a back to back closing, whether you actually need to leave “consideration” with a seller on an over debted property in foreclosure when getting them under contract, some of the latest tips on the new FHA guidelines and them waving the 90 days seasoning on our short sale flips, and much much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos from Patrick Precourt.

What Short Sale Disclosures You Should Put On Your Purchase and Sales Agreements to Satisfy Everyone!

Patrick Precourt — Fri, 08 Jan 2010 04:19:50 +0000

On this week’s Friday Coffee Break we cover some exciting questions and one in particular that will give you new insight on what disclosures you should put on your purchase and sales agreements to satisfy not only a foreclosing lender but the end buyers Title Company. Listen in as we if there is any way to convince a Real Estate Agent, who is representing both the buyer and the seller, to let you control the deal, how you deal with a non cooperating BPO agents and appraisers, when and where our upcoming Short Sale Event will be held, what solutions there are for the 30 day funding issue, if a Real Estate Broker can be part of an LLC that is buying a short sale to flip without disclosing it and much much more! Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.