Foreclosure University – The Ultimate Investor Resource

Building A Buyers List

The Importance of Building A Buyers List

Building a buyers list is one of the most important things you can do as a real estate investor. What surprises me the most, it that a lot of investors are not building a buyers list which can really cost them. Having a buyers list is the difference between selling a house in a few hours as opposed to a few weeks or months. And the longer you hold onto a house, the more it takes from your profits because of holding costs. [Read more…] about Building A Buyers List

Should I Foreclose or Short Sale

by Jarad 6 Comments

Should I Foreclose or Short Sale My Home?

Question: Should I foreclose or short sale. Here is the situation. I bought a condo in Tampa, Florida in September 2005. This was my first real estate purchase and my primary residence until I transferred to Maryland for my job in July 2008. I have a first mortgage for $150k and a HELOC for $25k. The property has been short sale approved and there is a buyer that is going to purchase it for the price of $60k. We are ready to close but I need to pay all the delinquent HOA fees, late fees and attorney fees that have mounted up. I can not afford to pay the $3000 in late HOA fees to close on the short sale. Now, I am facing foreclosure. I have asked the HOA to waive the late fees and attorney fees so I can do a short sale but they are refusing.

Is it worth it to borrow the money from friends and family or should I foreclose or short sale?
Thank you,

Wholesaling Houses – How Much To Offer

by Jarad 3 Comments

The Formula For Wholesaling houses

When you’re wholesaling houses it’s important to never pay more for property then you should. If you pay more for a property than what you should, you run the risk of not being able to sell the home quickly. You also stand to make less of a profit. So knowing exactly how much to offer is a big deal and something you shouldn’t take lightly..

So what is the magic formula that will allow you to NOT pay more for a property than what you should? [Read more…] about Wholesaling Houses – How Much To Offer

Forming An LLC

by Jarad 1 Comment

The “Forming An LLC or Incorporate in the Best State” Scam

As a real estate investor, it’s important when forming an LLC, that’s it done the right way. Having been around for awhile, it’s interesting to me how many things I hear differently about this topic. So, I decided to have my friend and attorney, Lee Phillips, who specializes in setting up LLC’s, set the record straight on this important topic… Forming an LLC in Nevada.

So what are the advantages or disadvantages of incorporating in Nevada?

For years folks have told me they are incorporating in Nevada or putting their LLC in Wyoming, because they have the best laws and much better asset protection. In three words – IT’S A SCAM!!! [Read more…] about Forming An LLC

Transactional Funding

by Jarad 2 Comments

Challenges With Real Estate Investing

A few months ago, I surveyed my list asking them about the challenges they were having with investing in real estate. One of the biggest challenges they were facing was that they didn’t know where to get the money to fund their deals once they found a great deal.

So I want to talk briefly about transactional funding and some other ways to get funding for your deals. [Read more…] about Transactional Funding

Short Sale Checklist

by Jarad 4 Comments

Short Sale Checklist For Investors

Here is a Short Sale Checklist for those who need the step by step blueprint of what to do next. This is assuming you’ve found a property that is a candidate for a short sale.

Meet with Homeowner and Determine Value of Property

[Read more…]