Colin Egbert
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Colin Egbert is an experienced Real Estate Investor with plenty of short sale techniques to aid fellow investors in their quest to succeed and make huge profits. He's the author of the ebook "Getting Started with Short Sales" providing the tools needed to start your own real estate investing business. Colin is also the CEO of Realestateinvestor.com a website dedicated to helping investors make the most of their business.
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Things are rapidly changing in real estate investment and smart, resourceful, pre-foreclosure investors will have their best year in 2008. Those investors who continue doing the ‘same old, same old’ hoping for the results they got three years ago, will perish.
Putting together a short sale package is time-consuming enough, but if you want to try and delay the foreclosure sale to give yourself more time you’ll find that this aspect of short sale investing is difficult indeed.
Preforeclosure marketing is a cinch with the right tactics and good information, such as the lis pendens list. To start, there are three points to preforeclosure marketing that are absolutely crucial to know, realize and implement as a part of your business. Many people in preforeclosure marketing talk about marketing to the list. Now that you have the list, there are many marketing strategies you can use.
In preforeclosure deals this package is very important. The short sale package provides enough information to convince the bank to accept your short sale offer on the homeowner’s property and get the homeowners out from the under the obligation. In your request for a short sale you’ll want to include everything you can that backs up your request for a short sale.
One of the most important aspects of the short sale business is determining the value of the property you have under contract. It’s impossible to formulate your offer to the short sale lender without knowing the home appraisal value of the property you are interested in.
Most of us would come up with a very high number. Our time is valuable. The reality is that we really don’t push for that asking price. We allow ourselves to be undervalued, by getting stuck in the nitty gritty of daily real estate investment, such as painting that house instead of finding someone else to do it for us.
As a real estate investor you could sell the property, you can also play at being a land lord and rent the property out, or you could lease to own the property to a new homeowner.
Pat Precourt and his partner are real estate investors in preforeclosures and short sales. Pat is an amazing investor who has done what few people in the country have done previously in preforeclosure investing.
