$118K - 2010

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Slide 1: 

5 Steps to $118,812

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5 Steps to $118,812 How would you feel if you made $118,812 In February 2010? How you can do it Why it is attainable for you How you can get started right now How you can do it without your own money

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Old Adage “you need money to make money” Is it true with short sales in 2010? Well, you need money. But…you don’t need your money.

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$118,812 Profit We’ll Review: Overview of the Steps Review Details of Deal

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5 Steps to $118,812 Locate Short Sale Make the Offer Short Sale Package Find Buyer Close Both Transactions

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Key Components No Funds Needed To Purchase The Right Short Sale Short Sale Delays

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Step 1: Short Sale Prospect Stick to your Target Area Not all short sales are equal

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Step 2: Make Offer Make Offer & Sign Contract Cash offer Generally start at 65% of CMV Sounds low? It is low!

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Step 3: Prepare SS Package You have no idea what is required for a short sale package? No problem. We handle all of it.

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Online Business Center

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Step 4: Find a Buyer Our goal is to discount the property with the lender AND line up an end buyer to pay more. Buy at Discount Sell for Profit Short Sale Process Gives Us Time

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Step 5: Close 2 Transactions “First of all, how do I even close on the first?” Buy at Discount Use Our Funding Source ? ? ? ? ? ? Allows you to purchase without bringing any money to the closing table

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Close the First Transaction with Cash 2nd Transaction? Buyer lined up before we close on the first Close Immediately with end buyer Cash Out With a Profit Step 5: Close 2 Transactions

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$118,000 – Property Details 3 Unit Investment Property Rental Unit – Unlivable! Problems in Main Unit Amount owed: $632K Large 2nd Mortgage Estimated Current Value: $400-$450K Several of the Target Area guidelines

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5 Steps to $118,000 Locate Short Sale Make the Offer Short Sale Package Find Buyer Close Both Transactions 1 2 3 4 5

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Step 1: Locate Short Sale Property in Target Area Unoccupied – Neglected. Higher cost. Lower resale. Varied Comps – Low priced REOs and short sales. Repairs – Retail buyers have options

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Step 2: Make Offer Generally start at 65% of CMV Current Market Value = $400K Initial Offer: $195K Lower Starting Point Major Repair Issues

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Step 3: Prepare SS Package Short Sale Package Includes: Low Comps Recent Distressed Sales Rebuttal BPO to Justify Our Low Offer Repairs Estimates REO Sale Comparison “Why the Short Sale Makes Financial Sense”

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Step 4: Find a Buyer Our goal is to discount the property with the lender AND line up an end buyer to pay more. Short Sale Process Gives Us Time Purchase Price $234,000 Sold Price $363,000 Spread of $129,000

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Ideally close both transactions on the same day 11 weeks to $118,812 Step 5: Close 2 Transactions 1 2 3 4 5

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Why it worked? Target Area guidelines followed Lender did not want to take possession of a problem property Business quickly matched buyer Funds to close on first transaction

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Why it will work again? 2010 – Year of Distressed Sale More incentives than ever before More opportunities Transactions getting easier

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Remember! All short sales are NOT created equal Work Smart – Stick with Target Area Partner up with the right help Line up several short sale prospects

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Follow Things That Work Business Practices of the Best Short Sale Investors In the Country Do the things that work Avoid the things that don’t This is how to work in 2010 Only $489 to start. Watch the videos below for more details.

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5 Steps to $118,812 Watch the Videos Below for More Information To start your new business click the button at the bottom of this page Think about cashing that check for $118,812. Can you see yourself doing it? We can help you do it. Get started now…or watch the rest of these videos to learn more.

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www.newoutlookproperties.com Login to our guest page for a free ebook about short sale property flips in 2010

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