Friday, March 31st, 2017

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How to Make Sexier Short Sale/REO Offers (Video Tip)

How to make sexier offers...REI Truism #1: It’s no big secret that today’s real estate market is oozing opportunity in the short sale and REO arenas.

REI Truism #2: The likelihood of your short sale or REO offer being accepted improves notably when your offer is clearly and concisely made, and it’s benefits simply-yet-professionally framed.

Which brings us to today’s REI Tip…

Painting a Bank-Seducing Picture…

If you’d like some tips on improving the “acceptability” of your bank offers, then watch this video from systems-geek Gerry Romine.

It’s basically a video demo walking  through how he goes about making a simple, professional presentation of your offer to a bank — one that makes fast, easy work of showing how your offer’s ultimately in their best interest and should be seriously considered.

What’s This Fancy Pants Software?

Click to watch (Opens in new window)If you caught my “Ridiculously Awesome Systemization” post last week, then you’ll recognize Gerald’s fancy pants software at work here.

…Of which, by the way, I’ve had more than a few folks emailing me asking for more info.

This is not my thing, folks!

But I do know Gerald’s launching it this week sometime, and I promise to keep you posted. I’ll even be posting a short interview about this in a couple of days. If you’re interested in his software, I’d recommend you stay tuned for our little chat before you make a buying decision.  You’ll be glad you did.

In the meantime, I just noticed he’s running a contest right now (at the day/time of this post) and giving away three (3) free copies of his “kick-a” UREI software.  You can enter his giveaway contest here…

Having said that, please enjoy today’s tasty tip: How to Make Sexier Short Sale/REO Offers

And as always, your comments are welcome.

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About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • Dennis Roundy

    Interested in the software program for the “How to make tempting REO/short sale offers”. Please send cost and how to order.

    Sincerely,
    Dennis Roundy

  • Dennis Roundy

    Interested in the software program for the “How to make tempting REO/short sale offers”. Please send cost and how to order.

    Sincerely,
    Dennis Roundy

  • Kendric

    Very interesting software. When will it be available for purchase and for how much?

  • Kendric

    Very interesting software. When will it be available for purchase and for how much?

  • Dick Rowbotham

    John
    I am not a realestate Person what are the terms he uses like BPO.Moa 504 505 603 for some How does a person who doesn’t know all of this ever get into this. Please give me an idea.
    Sincerely
    Dick Rowbotham

    Hi, Dick. Thanks for responding.

    If you’re brand spankin’ new to real estate, then I wouldn’t expect you to understand a lot of what’s in this particular article. It takes a basic working knowledge of some underlying concepts, as you pointed out.

    Usually people get in and start off reading a few entry level REI-related books (like from Barnes and Noble, Amazon.com, etc.) and participating in some of the popular REI discussion forums. That’s where the entry level knowledge is often gained, and where you even figure out if you really are interested in the REI game or not.

    Make sense?

    …jp

  • Dick Rowbotham

    John
    I am not a realestate Person what are the terms he uses like BPO.Moa 504 505 603 for some How does a person who doesn’t know all of this ever get into this. Please give me an idea.
    Sincerely
    Dick Rowbotham

    Hi, Dick. Thanks for responding.

    If you’re brand spankin’ new to real estate, then I wouldn’t expect you to understand a lot of what’s in this particular article. It takes a basic working knowledge of some underlying concepts, as you pointed out.

    Usually people get in and start off reading a few entry level REI-related books (like from Barnes and Noble, Amazon.com, etc.) and participating in some of the popular REI discussion forums. That’s where the entry level knowledge is often gained, and where you even figure out if you really are interested in the REI game or not.

    Make sense?

    …jp

  • BPO=Broker Price Opinion, it’s basically a real estate broker’s opinion of what a property is worth. Most short sales are a discount off of the BPO, so as an investor, you want it as low as possible. (use HUH & foreclosure sales in your analysis).

    MAO=Maximum Allowable Offer–it’s the MOST you can possibly pay and maintain your profit margin.

    Hope that helps

  • BPO=Broker Price Opinion, it’s basically a real estate broker’s opinion of what a property is worth. Most short sales are a discount off of the BPO, so as an investor, you want it as low as possible. (use HUH & foreclosure sales in your analysis).

    MAO=Maximum Allowable Offer–it’s the MOST you can possibly pay and maintain your profit margin.

    Hope that helps