Saturday, May 27th, 2017

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Facing Foreclosure? Let Shaq Help!

Shaq Buys Mortgages!The Transparent Real Estate blog first alerted me last week to the fact that Shaq “The Diesel” O’Neal is getting into the preforeclosure investing biz.

That’s right.  Henceforth we the fellowship of real estate entrepreneurs shall call The Shaq our bretheren.

Apparently O’Neal wants to buy the mortgages of Orlando residents facing foreclosure, then hand out new mortgages with easier terms. He would of course earn a “small profit” from his venture, and homeowners wouldn’t have to leave their houses.

The Orlando Sentinal reports that after he came out with the news, Shaq was inundated by 2,000+ e-mails from desperate Floridians seeking his help after failing to receive assistance from mortgage companies.

The best laid plans of Shaq and men…

Now Shaq admits he’s not really sure how to pull this off.  He doesn’t really have a “plan” per se.  But he’s sure the idea will work.

Interestingly I’m betting Shaq’s willing to take such a “small profit” thanks to the much more lucrative prospect of the TV reality show he’s also planning to develop around it all, called Shaq’s Big Save (a sequel-esque to his 2007 weight-loss show Shaq’s Big Challenge).

My question is…

…Could Investor-Shaq or Reality-TV-Shaq ever really compete with Basketball-Shaq, Kazaam-Shaq or Mad-Rapping-Skillz-Shaq?

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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 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. :-)

  • Shaq’s always up to something new. Gotta love the guy.

  • Shaq’s always up to something new. Gotta love the guy.

  • Christian

    Thoughtful commentary , I was enlightened by the information ! Does
    someone know if my company could possibly grab a template DOC
    PTO/SB/20FI form to use ?