It came about after Cory Boatright told me about one of his Shortsaleology members, Ron Harris.

Ron’s a relative new investor from Oklahoma who’d recently flipped a couple of short sales netting him more than enough to completely pay off all his business debt and still pocket a nice piece of change.

So I says, “Let’s hear his story!”

This is not a guru interview.  Nothing for sale. It’s just my personal chat with Ron about his 2 deals, and I thought you’d enjoy hearing it.

Some of what we covered:

• The “numbers” on each deal (ARV, bank discount, purchase price, sales price, estimated repairs, profit, etc.)
• The “nuts and bolts” of each deal (acquisition methods, exit strategies, problems encountered, lessons learned, specific resources used, etc.)
• Are you a “short sales specialist” or a “real estate generalist?”
• What got you into short sales specifically?
• What’s your market like right now?
• What’s your median home price, and how did these deals compare?
• What’s your primary form of deal marketing?
• What were hurdles did you face and how did you overcome them?
• What were your biggest “take away” lessons from each deal?

Also, a few other bullet points I took down from our chat…

• High paid I.T. guy transitioning into full-time REI
• Profits from his last couple of deals more than completely paid off his $25k in business debt
• One deal he snagged INSTEAD of Cory specifically b/c of his own custom direct mail piece
• The benefit of an abundance vs a scarcity mentality
• Why he took the time out of one deal to teach an 80 year old former nun how to do a budget
• The one website he used to quickly flip BOTH houses in 10 days
• How he saves time by using technology to prescreen his potential buyers (even in today’s market)

So scroll up and give it a listen.  Or download and listen later.

Either way, I’m glad to share it and hope you enjoy it.

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Oklahoma Newbie Flips 2 Short Sales, Scores Nicely (Listen)

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• ShortSaleology Offers Short Sale Negotiating, Private Funding, Mastermind (3)
• Jersey Cop’s 1st Deal, Makes $0, Big Success? (1)
• How To Determine a Short Sale Purchase Offer (7)
• The Word on the Street Lately… (1)
• Short Sales Don’t Ruin Credit (And Other Lies) (1)

Things you might find interesting about this:

• She’s a Jersey cop who commonly handles evictions.  In fact I interviewed her on her cell phone while on her way to do a set out.
• This was Colleen’s first deal ever, involved a short sale, and was very personal to her.
• It also involved a fraudulent BPO
• She started the transaction at the same time she was taking Shaun McCloskey’s Short Sale Intensive.
• She didn’t make a dime on it, but still considers it a huge success.

Why?  Listen to my 15 minute interview with Colleen and find out…

Any comments about Colleen’s interview? Please leave them below.  I love hearing from you.

a

Jersey Cop’s 1st Deal, Makes $0, Big Success?

Related posts:

• Oklahoma Newbie Flips 2 Short Sales, Scores Nicely (Listen) (2)
• What Most People Don’t Know About Preston Ely’s Probate Course (6)
• The Word on the Street Lately… (1)
• ShortSaleology Offers Short Sale Negotiating, Private Funding, Mastermind (3)
• Short Sales Don’t Ruin Credit (And Other Lies) (1)