I was wondering if any of you listened to the call on Monday night?
“The State of the Back to Back Closing” – Bob and Marc review and address the challenges facing investors trying to do short sale and back-to-back real estate transactions.
Marc and Bob wanted everyone who uses them to be on the call so they could tell you all why your deals are falling apart at the closing table.
They wanted to go over the paperwork and disclosure and show you what you are doing wrong and how to get more deals through by making sure you have all your "i's" and "T's" dotted and crossed.
They talked in length about closing Land Trusts, REO's, Foreclosures, FSBO's etc..
They talked about FHA and NOT to try and create a deal with someone who has a FHA loan because of FHA's seasoning law. You won't be able to close if you haven't owned the property for 90 days.
As a wholesaler stay away from FHA!
They said the main thing they are seeing is deals being turned away because of non-diclosure. Some investors are trying to hide details and not getting the right information together for a close. They are also seeing a lot of greed amongst wholesalers and at the closing it falls apart.
They let a few of us ask questions and they answered many questions live.
These 2 guys are so knowledgable about closings. It was constant non stop legal and closing information.
It would be good to go to their web site and sign up for the next call. They will email you and let you know when.
They just keep us in order so we can get more deals closed.
"THE ARCHITECT OF YOUR DESTINY IS YOURSELF"
"SUCCESS WALKS HAND IN HAND WITH FAILURE"