Nova Shank

Fear is ruling the day. Paranoia is being pumped by every media outlet. With terrifying speak happing at many tables and coffee shops around the world. There is the biggest silver lining if you have the fortitude to step away from the crowd. That silver lining is there is 4+ trillion dollars sitting in bank accounts around the US alone collection dust. WHY IS THIS MONEY COLLECTION DUST? FEAR! Why was that money in the stock market in the beginning? Because stocks make money through dividend payments and inclines in the price of that share. What commodity do we have in real estate that does the same thing? MULTIFAMILY BIULDINGS! People go after that cash! Tell your clients that the cash they have sitting in the bank doing nothing, can be working for them. How is it going to work, by buying multifamily housing? Rent is the Dividend and as that cap rate goes up, so does the property's value. Here in Seattle we still have a massive Rental deficit. Please save your business by getting out of the fear and adapting to the market.

Morning Friends,

All of you know one predominate thing about me, I am very excitable. I am extremely passionate about my job, and I talk a whole lot when I like something. Honestly I get a little annoying. There are reasons for this I love the rush of making people money, and putting together great business deals. As my well earned job title says I am a Foreclosure Specialist, and this is the reason why I am touching base with all of you today. This morning I received a call from a listing agent about a house that is in foreclosure. Not only is this house in foreclosure but the short sale deal has already been negotiated with the bank from a pervious buyer. You are asking “Why did the deal fall through”, right? Well like many other deals that go wrong in my line of real estate the buyer tried to squeeze blood from a turnip, and the bank pulled the deal.

What is this house about, right? Well it is a split level 1860 sqft, 4 bed, 2 bath house on a 5500 sqft lot in Queen Anne.

The Tax Assessment Value of this house is $529,000. The total outstanding mortgage on this house is $581,000. The Market Value of this home is 635,000 close to its current condition.

If you are interested in making some serious money by buying this house at 63% of its value, call me! Like I said the lien holders have already stated their bottom dollar, so there will be no 2 months of negotiating! This is the best Foreclosure Deal in Town right now!

Remember to have at least 12 properties prospected, even if you only are going to try to purchase 1. It just increases the likely hood you will get the fish you want. Also, you never get exactly what you want, but you can get close. Make sure your title reports are current. and you have multiple cashiers checks made out. Remember too after you purchases the house the previous owners might still be living in the property, so after the cool down period you will need the Sheriffs department to evict the ex-home owners.