Short sales are becoming more common as we end 2022. With home prices crashing back down to earth, the buyers who bought at the top are facing a troubling conclusion-they may owe more than their home is worth. Oftentimes this fact alone can force many homeowners to want to sell instead of hemorrhaging equity as the market drops. As an investor, this presents an interesting opportunity to buy and help alleviate a seller’s troubling situation without them falling into foreclosure.
But, this type of investing, while advantageous, is tricky and requires you to consult someone with experience. Matthew Potter, Arizona realtor and short sale specialist, might just be the perfect person to contact. As a friend and partner of Jamil’s, Mathew knows what savvy investors need to look for to find short sale steals. He also knows the costs, rules, and timelines around short sales, plus a tip that will stop you from going to prison (seriously)!
Mathew and Jamil both believe that short sales can become win-win-wins, with the seller, buyer, and lender benefiting from the acquisition. But don’t expect to be getting a brand new home with a wall-to-wall completed rehab. These homes require work, but as Jamil knows, they can come with massive upsides.
00:00 The Huge Opportunity in Short Sales
01:59 Short Sales Explained
04:35 Identifying Short Sale Potential
07:12 Who Wins?
08:18 Don't End Up in Prison!
12:34 How Much Does It Cost?
13:44 Work with Matthew!
~~~~
Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
~~~~
Find an Investor-Friendly Agent in Your Area:
www.biggerpockets.com/agent/m...
~~~~
How to Get HUGE Discounts on Real Estate as Home Prices “Freeze”:
• How to Get HUGE Discou...
~~~~
Short Sales Explained:
www.biggerpockets.com/glossar...
~~~~
Short Sales-Make Money on Deals That 98% of Investors Would Pass On:
www.biggerpockets.com/blog/re...
~~~~
Tips for Navigating the Short Sale Process:
www.biggerpockets.com/blog/20...
~~~~
Connect with Mathew:
Email: matthew@stunninghomes.com
Instagram: @matthewpotterrealtor or / matthewpotterrealtor
~~~~
Connect with Jamil on BiggerPockets, Instagram, and RU-vid:
BiggerPockets: www.biggerpockets.com/users/j...
Instagram: @jdamji or / jdamji
RU-vid: / jamildamji
#biggerpockets #onthemarket
6 авг 2024
