Anyone can do this regardless of age, gender, background, or education.
Many of my students are ordinary people just like you and me. Some have never graduated from college, others hold Ph.D's. Some are doctors, lawyers, and engineers...others are mechanics, salesmen, and nurses.
Many of my students are ordinary people just like you and me. Some have never graduated from college, others hold Ph.D's. Some are doctors, lawyers, and engineers...others are mechanics, salesmen, and nurses.
Tom has been a successful real estate investor for the last 20 years. He got his start in the California real estate market, buying single-family homes and multi-unit dwellings and renting them out. By the time he was 28 years old, he had a net worth of over $1 million. However, in 1990, when the real estate market in California suffered a major downturn, Tom lost $400,000 virtually overnight. This experience taught him a valuable lesson about the risk asscociated with traditional real estate investments.
For the next several years, Tom searched for a better way to buy property and literally stumbled across the Short Sale secret. He went to look at a fire-damaged home as a possible distressed property. After getting several bids on what it would cost to fix the home, the cheapest bid came in at over $30,000! He talked to the lender about the severe fire damage. Not wanting to deal with the home themselves, they asked Tom to make an offer. He made an offer of $85,000. It just so happened that he had found a buyer for the home who had done fire restoration, so it was a perfect fit.
Tom quickly realized that if a bank would accept less than is owed for fire damage, they may also be motivated to accept less than is owed if the homeowner is in trouble and will likely foreclose on the property. This gave Tom his start in the short sale market.
Tom has a wife and 4 children.
For the next several years, Tom searched for a better way to buy property and literally stumbled across the Short Sale secret. He went to look at a fire-damaged home as a possible distressed property. After getting several bids on what it would cost to fix the home, the cheapest bid came in at over $30,000! He talked to the lender about the severe fire damage. Not wanting to deal with the home themselves, they asked Tom to make an offer. He made an offer of $85,000. It just so happened that he had found a buyer for the home who had done fire restoration, so it was a perfect fit.
Tom quickly realized that if a bank would accept less than is owed for fire damage, they may also be motivated to accept less than is owed if the homeowner is in trouble and will likely foreclose on the property. This gave Tom his start in the short sale market.
Tom has a wife and 4 children.