Today we’re going to talk about short sales. This is a technique that’s used to work with a lender to get them to allow the sale of a property for less than the balance owed. Successfully negotiating a short sale can provide a lot of upside value for investors, but it also takes knowledge and skill.
Nicole Espinosa is known as The Short Sale Queen. She has closed thousands of short sale transactions successfully and continues to process hundreds a month for clients nationwide. She’s also the best-selling author of “Short Sales Uncensored” and is the leading short sale expert based out of Dallas, Texas.
Today Nicole is going to take us through the short sale process from A to Z. We’ll discuss why a borrower would consider selling their home on a short sale, and the conversation Nicole’s team might have to convince them this is the best option. We’ll talk about the banks and how to determine if you’ve connected with the right person who can help keep the process moving. Nicole also works with many investors, and she shares a recent scenario that helped them acquire a property for less than it’s current value.
Nicole also talks about the team she’s built out and the systems they use to expedite the short sale process. We also discuss the wave of foreclosures she sees on the horizon due to the forbearance periods ending from the foreclosure and eviction moratoriums.
Having the knowledge of short sales is an incredible tool that you should have in your investor tool kit. Nicole does a great job of making it as understandable as possible, and I know you’ll get a lot of value from listening to this episode.
You can find out more about Nicole through her YouTube channel: https://www.youtube.com/c/TheShortSaleQueen
Or through her website: https://thessqueen.com
Today’s episode is brought to you by Green Property Management, now offering a $250 per unit project allowance to new clients in West Michigan. Text "Green250" to 21000, or visit them at https://www.livegreenlocal.com/.
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. Visit https://www.rcbassociatesllc.com/ to learn more.
One of the biggest challenges both new and seasoned investors encounter in rental property investing is completing a successful rehab project. There are many ways a project can go wrong and blow your budget.
My guest today is going to talk us through the do’s and don’ts of a successful rehab and share tips on how to save money on renovations.
Van Sturgeon is an experienced entrepreneur, developer, general contractor, and rehabber who owns over 1,000 properties across North America. He’s passionate about helping homeowners and investors overcome their fears of house renovations and he loves to help people reach their goals.
Today, Van is going to share the improvements he makes that have the highest return on investment, how to find and negotiate with trusted contractors, and why you need to have a payment schedule and a plan in place before you begin. Van will also take us through a recent rehab project on a multifamily property where he invested $15,000 per door in improvements to double his rental income.
I know you’re going to get a lot of valuable information out of today’s conversation. You can find out more about Van’s rehab tips through his website: https://vansturgeon.com
Today’s episode is brought to you by Green Property Management, now offering a $250 per unit project allowance to new clients in West Michigan. Text "Green250" to 21000, or visit them at https://www.livegreenlocal.com/.
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. Visit https://www.rcbassociatesllc.com/ to learn more.
My guest today is implementing the skills he learned in the Army as a member of the elite 75th Ranger Regiment to scale his wholesaling business to 6 figures while maintaining his W-2 job.
Dan Austin is the owner of INW Properties, a completely virtual company primarily focused on the acquisition of small multi-family and single-family homes. They wholesale, flip, and BRRRR their own deals and currently hold a portfolio of 25 doors.
Today, Dan and I discuss what it means to be ‘elite’ and push for the best outcome in business. Dan talks about several pivotal actions he took to find success in real estate investing—from the decisive conversation he had with a co-worker that led to his first two student housing rentals, to the decision he and his partner made to start their own business and find training and mentorship to ensure its success.
You’ll also learn how Dan built a virtual company, who he has on his team, and the incentivization structure that led to more deal flow. I know you’ll enjoy this conversation with Dan. You can find out more about him on Instagram @investormandan, or his podcast “Collecting Keys Podcast".
Today’s episode is brought to you by Green Property Management, Now offering a $250 Per Unit Project Allowance to New Clients in West Michigan.
Text "Green250" to 21000, or visit them on the web at:
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.
My guest today has over a decade of experience in the real estate industry acquiring, flipping, developing, and financing over $350 million in real estate.
After using private money to finance his own deals, Ruben Izgelov saw the innovation desperately needed in the private lending space and decided to spearhead it by co-founding We Lend, LLC, a private lending platform.
Today we’re going to discuss private lending, how it works, and why you might consider it for acquiring your own deals. You’ll also learn more about Capital Markets and Secondary Markets and their appetite for purchasing private loans. Ruben also discusses why being a private lender is more lucrative than being in the fix & flip business, and hear many examples of the types of loans We Lend has produced.
I know you’re going to learn a lot about lending and the private money world from this conversation with Ruben. You can find out more about Ruben and We Lend, LLC on any social media platform @WeLendLLC, or website https://www.welendllc.com
Today’s episode is brought to you by Green Property Management, Now offering a $250 Per Unit Project Allowance to New Clients in West Michigan.
Text "Green250" to 21000, or visit them on the web at:
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.