|
Hi,
my name is Jason Medley and I have been
a mortgage consultant for about 7 years
but had always wanted to get into real estate
investing. When I began to learn about short
sales it seemed like a natural progression
for me given you end up packaging allot
of the same type of paperwork like bank
statements and pay stubs.
I thought
to myself, how hard can this be in a down
real estate market? Put together a bunch
of documents that I am already familiar
with, throw in a hardship letter explaining
my clients problems, and then the bank slashes
the price on the home and I flip it to a
retail buyer and walk away with a big check.
Well,
it didn’t take long to realize that short
sales are allot more intricate than what
I had thought. It’s more than packaging
up a bunch of documents. Unlike the loans
I do, the lender in a short sale is working
against me, rather than with me to get the
deal done, so learning to negotiate with
them, how to influence the BPO, and how
to posture yourself during all of this is
critical.
There
is no one better to teach you all of these
strategies than DC Fawcett and I emphatically
recommend his coaching and materials. When
I look back at my life and the accomplishments
that I am most proud of, I have always had
a coach to help take me to that next level.
I had an excellent fundamental understanding
of the short sale but soon realized I needed
that extra edge in order to expedite my
learning curve in order to begin helping
clients in trouble while making some incredible
money at the same time.
On
my first short sale, last October, A client
came to me in trouble and I immediately
began working with the bank on her behalf.
She was upside down in her home and owed
about 131k on a home worth about 125k. After
about 60 days the bank took 82k for the
home and to be honest, I didn’t really know
what I was doing. I felt my way through
it and with DC’s guidance and knowledge,
everything turned out beautiful.
Take
a deep breath, look at the numbers and what
it will cost you to be coached by one of
the best in this business, and know that
your first deal will pay for it several
times over. If you think you can’t afford
it, realize the only thing you can’t afford
is to skip this opportunity.
I‘ve
had several experiences with real estate
coaches and the thing you need to watch
out for are the coaches that have been in
the business for a long time because they
are usually over priced and will not give
you the personal attention that D.C. gives
to his students enabling them to be extremely
successful.
Jason Medley |
