In today's market, many investors are competing for very few houses driving up the acquisition costs.
As of April 1, 2022, there were 1.5 million homeowners who are more than 120 days delinquent on their mortgage payment and most of those are 18 months behind with no hope of paying it off. Even if the home has 40% equity or more equity in the house, one-third of all those houses end up being foreclosed on. These are ideal candidates to negotiate a short sale directly with the bank and the homeowner, not houses on the MLS.
On July 9th, at the ACA Business Club, David Randolph, will unravel the process of Short Sales. This little known real estate niche can earn massive profits on every house you negotiate and purchase for many years to come. If interested, join us to explore short sales as another investment tool to add to your toolbox.
Available on Zoom and in person:
If you are new or seasoned to Real Estate Investing and are interested in investing in the Northland, this is THE group to join! It is a casual, once-a-month meeting, every second Saturday at 9 am on In Person & Zoom. There will be guest speakers from time to time, including agents, appraisers, inspectors, insurance agents, etc. to help us make better decisions when investing.
Please feel free to bring any deals, wholesale or otherwise.
See Facebook Page for more info on this monthly event plus special events they have from time to time.
https://www.facebook.com/groups/278155622518682