I keep hearing from investors that they are completely fed up with Short Sales. They know there is a lot of potential in these deals, but just cannot seem to get them to work. It doesn’t have to be like that!

Here are six of the main reasons I am seeing REALTORS® and investors avoid Short Sales:

  1. The cost and time it takes to find good short sale opportunities
  2. The massive amount of your time it takes to do a short sale
  3. The cost of marketing to get the house sold
  4. The high cost of holding while the house is on the market
  5. The need for private money in order to close on the short sale
  6. The RISK of buying the house without having a buyer in place

I found the answer to agents’ and investors’ single largest problem. The answer is getting the property sold quickly. One of the ways to make great money on Short Sales right now is to set up a system that allows you to sell the property BEFORE you buy it.

I’m hosting a free Webinar on Tuesday, July 7th where we’ll be teaching how to set up a Short Sale system that allows you to easily create a Short Sale pipeline while others gladly do most of the work for you. Registration is free, but it will fill up, so reserve your spot today!

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Should I Buy Real Estate in a Down Market?

by Mike Watson on June 9, 2009

One of the most common questions I hear is “Should I buy real estate in this down market?”

The simple answer is YES! The current market conditions are allowing for low prices, and low interest rates. Check out this video I just made that answers this question:

Remember, even with low prices, and low interest rates cash flowing properties are still available!

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Spreadsheets for finding and evaluating cash flowing income properties

June 5, 2009

Wow! The Webinar today broke an MWI attendance record. People love getting free stuff! The Webinar was called, “5 FREE Investing Tools For Making Money Right Now: A $500 Gift from Mike Watson”.
This was no ordinary “free stuff” though. On the Webinar, I shared:

A detailed set of instructions for finding hidden goldmines on the FDIC.gov [...]

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2 Spreadsheets, 5 Letters, 1 Converter, and 1 Template - All FREE!

June 3, 2009

Times are tough right now, but I think we all have a lot to be optimistic about.
For example, there are a TON of cash-flowing properties - in your local market - just waiting for you!
I have decided to teach a one-time Webinar, where I will be teaching important techniques on how to create cash flow [...]

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What is Owner Financing?

May 29, 2009

Owner Financing (sometimes called “Seller Financing”) is when the buyer in a transaction gets financing directly from the seller. The seller becomes the “bank”!
Why is this important today? Owner or Seller Financing can make a sale happen where it might not happen in our current economy. It is TOUGH to get regular financing from banks [...]

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20 Frequently Asked Questions About Seller Financing

May 19, 2009

Hello everyone! Seller Financing, or “Owner Financing”, is a critical tool to master in our current real estate market.
I get a boatload of questions daily about this technique, and I decided to put all the questions in one place. I just got done filming 20 short videos where I answered 20 of the most common [...]

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Two surprising ways to find income properties with cash flow

May 13, 2009

I’m going to surprise you today.
You already know that foreclosure rates are sky high for single family homes all over the country. This is no secret.
Here’s the surprise. What you don’t know is that multi-family income properties are ALSO being lost to foreclosure. The crazy thing is that many of these distressed income properties are [...]

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Another bank seized: America West Bank shut down by FDIC

May 8, 2009

The Utah Department of Financial Institutions recently announced that it took possession of Layton-based America West Bank. This is the second bank in Utah to fail this year.
Michael Jones, chief examiner with the state Financial Institutions department gave the following reason for the bank’s failure. “Their loan values were dropping, and the bank needed to [...]

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Top 3 Questions about Bank Seller Financing

May 7, 2009

I’m stoked about the Q&A event I am hosting tomorrow! I’ll be in the crosshairs answering any and all questions on how to get Seller Financing from Banks. Bring it on!
In the meantime, I wanted to answer a couple of the top questions that everyone seems to have about this topic.
Q. Will banks REALLY Seller [...]

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The Follow-Up Letter:
Negotiating with the Bank for Seller Financing:

May 4, 2009

Getting Seller Financing from banks is AMAZING!
Last week, Kris Harris and I had another phone call with a bank. We are negotiating with this bank on an a cash flowing income property in Chicago.
We are working on making this a win-win deal for us AND the bank. After the recent phone call, I sent this [...]

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