Hey D.C. Here,
I hope you had a great weekend. I went racing on Saturday with Karen Hanover at the Richard Petty Raceway in Orlando. We raced real NASCAR stock cars. Man, were they fast! We were going 130mph around corners. If you ever get a chance to do this, I highly suggest it.
While Karen was in town, we went to see a few big multi-family REOs we’re working on.
Here’s a picture of us with one of the cars:
There’s a ton of money in REOs right now. One of the biggest causes of this huge wave of REOs hitting right now is the shadow inventory that was created by our trusty government’s moratoriums and loss mitigation programs.
These programs were a huge failure and actually made the foreclosure situation worse. What it really did was delay the inevitable foreclosures from hitting the market sooner. It created a backlog of REO properties which is called shadow inventory of homes in the foreclosure process that the lenders are now getting back in droves. They have so many REOs and they’re trying to get rid of them as fast as possible, so you can pick them up for a song and flip them the same day for quick profits.
Many people say you can’t double close an REO because the bank is the seller but this is completely false. The people that say that are uninformed because they haven’t taken the time to learn our strategy for double closing REO deals. It’s just like anything. If they don’t know how to do it, they say it can’t be done. The more you learn, the more you earn because knowledge is power.
I’m hosting a special training webinar this Wed night at 9:00 pm ET with none other than the REO Rockstar and we’re going to show you how to take this oversupply of REO properties in the lenders shadow inventory and flip them to make nice quick profit checks within 30 days. It’s a great strategy to supplement your monthly cash flow.
If you haven’t registered yet, what are you waiting for?
Do it now right here:
Gotta go get ready for my coaching call with my Platinum students this afternoon. I love doing these calls.
Talk to you Wed night,
DC
PS. Ever had a short sale die and you had it sold to a buyer already and everything? We’re going to show you how you can go back into the bank and buy the property as an REO, not a short sale to save the deal and your huge profit spread. After all, you already did the work on the property, you know the property well, you found the buyer and YOU DESERVE TO BE PAID FOR IT. We’re going to show you how to save the deal so you get PAID!
Don’t miss this training!
Get in Here:


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