Editor’s Note: I’ve updated this post with Shaun’s answers to the questions you left in the comments on on our recent webinar.  See a little further down below…

Before we get to the rules, here are three truisms about real estate investing in 2010, I’m sure you’ll agree…

1) Things ain’t like they used to be (I know, understatement of the year, right?)

2) The only thing consistent about this market is inconsistency (constantly moving & shifting)

3) In terms of raw, cash-getting, deal-making opportunity, short sales and REOs rule the day.

So the other day I was chatting with one of my favorite short sale dudes and bestest friend, Shaun “the swan” McCloskey.  He does quite well cranking deals out of a number of different U.S. markets right now.  So I popped this interesting “new market” question on him…

“In your humble opinion, ‘Swan’, what are the 2 or 3 biggest, most important things every investor should know about how to crush it in short sale deals in 2010?”

After pausing only a moment, he spouted off three really solid rules everyone should be aware of and paying attention to right now.  So then I hit the record button and asked him to say it all over again.  😉  You’re welcome.

And now, for your listening and learning pleasure, I proudly bring you…Shaun’s 3 Rules for Crushing Short Sales in 2010

Press play and listen…

[audio:http://reitips-audio.s3.amazonaws.com/promos/08-10_swan.mp3]
Download MP3…

A Few Tasty Morsels From Our 12-ish Minute Chat…

  • Why homeowners aren’t reacting as strongly right now (they feel the government is likely to come bail them out)…
  • Why eliminating the likely “dead weight” deals up front is more important now than ever…
  • Deal Volume Vs. Deal Quality: Which is better in 2010?…
  • The awesomeness of what you can accomplish right now with really agressive offers…
  • The trend of what banks are willing to accept right now (and how interest rates play into that)…
  • Why price is more important than EVER right now…
  • Shaun sells about 90% of his houses in 14 days or less (involves the MLS, plus some really creative auction stuff you’ve probably never heard of before)…

“For the Record, Who Is This ‘Swan’?”

For what it’s worth, and in case you don’t know already…

Shaun’s one of the top short sale dealmakers around

He makes out like a bandit actively doing deals, right now in this market

He’s got a unique perspective on the nationwide market (because he’s involved in deals all over the U.S.)

has MUCH OF VALUE to say about how to make it big in the 2010 short sale arena

is one of my bestest friends on the planet 🙂

is ultra sophisticated and would never be caught dead, playing a fool, wearing a tiny pirate hat.

And Now, 2 Questions For You…

In response to all this, here’s your quick assignment: In the comments below, please share real quick:

1) What’s your biggest, baddest question(s) about making great money doing short sale deals in 2010?

2) What are your biggest FEARS right now about doing great short sale deals in 2010?

In return, my promise to you is that, one way or another, I’ll make sure Shaun answers EVERY one of the questions you guys drop below in the next week or so.  Sound fair?  He’s a friend, so I can pull a favor or two. 😉  So let’s hear it!

UPDATE: In follow-up to this post and to my awesome webcast with Shaun, I got him on the phone for a few minutes to get specific answers to your questions and challenges.  Got some good, solid stuff inside – dealing with both the questions you see in the comments below this post, as well as a number of unanswered questions we couldn’t quite squeeze into our webcast.  So here you go…learn and enjoy…

Q&A with Shaun, Pt 1 (14:22)
[audio:http://reitips-audio.s3.amazonaws.com/promos/09-10_shaun_follow_up_qa_1.mp3]
Download MP3…

Q&A with Shaun, Pt 2 (13:16)
[audio:http://reitips-audio.s3.amazonaws.com/promos/09-10_shaun_follow_up_qa_2.mp3]
Download MP3…

Q&A with Shaun, Pt 3 (15:44)
[audio:http://reitips-audio.s3.amazonaws.com/promos/09-10_shaun_follow_up_qa_3.mp3]
Download MP3…

PS – Many smart and sexy people have realized that hitting the “Facebook Like” button on this page gets you free promotion. 😉

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