Washington DC
Treasury Secretary Paulson announces that banks will be on their own in disposing of REO's and short sales. The Government will not use TARP money to buy bad mortgage loans made by banks. It is estimated at over 1.6 million foreclosures will occur this year and 1.9 million is projected for 2009. This is great news for small private investors wanting to take advantage of flipping short sale and REO's.
Program Updates
Use our program in all 50 states.
Use our No Down Payment Program to eliminate down payment requirements on your end buyers.
Get full access to our various Flipping Courses as part of your membership.
You get access to our weekly training webcast that teach you how to become a Short Sale expert in the next few weeks.
Funding Short Sales and REOs Nationwide with Our Private Investors
No Cash / Credit needed!!!
Use our investor’s funds to buy homes from banks then flip them to end buyers.
As a member, we provide you complete training and access to our Private Funds to use for Flipping Short Sale Transactions.
We teach you how to find and contract with a prequalified buyer as well as providing you the Proof of Funds and the Cash to buy the short sale from the Bank.
Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing. Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000. You keep $50,000 minus 1% (1,000+$300 flat fee). You pay for the use of the money from your profits at closing, meaning no cash out of your pocket to use the funds.
Here’s how it works: Line up a shortsale purchase (we teach you how to find unlimited numbers of shortsale deals), use our method to line up a buyer, then use our investor’s funds to buy the home and flip it to your ready buyer. No credit needed on your part since the buyer’s loan at closing pays off our private investor. This is a No Cash / No Credit transaction on your part.