Massive numbers of foreclosures are coming our way!
The world is affected by the pandemic and so is the real estate market. A great number of foreclosures are going to open up soon. This is the time for real estate investors to prepare themselves and take advantage of this opportunity. But how???
For more valuable information click on this link and watch the complete episode: https://youtu.be/aIVxHMCrMAY – “What’s Going On With Foreclosures? Real Estate Investing with Jay Conner”
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Jay Conner has been investing in Real Estate for over 15 years. He typically makes 2 deals a month. He has bought and sold over 400 homes.
He had an 800 credit score and the bank closed his LOC. He needed to find a new source of funding. In the past eight years, Jay has never missed a deal because of funding.
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WEALTH & FREEDOM FORECLOSURE SYSTEM HOW TO FIND, TRACK AND PROFIT FROM FORECLOSURES
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Producer: Scott Paton
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DISCLAIMER: Jay Conner is not a financial advisor, real estate broker, licensed mortgage broker, certified financial planner, licensed attorney nor a certified public accountant, therefore consult with a professional prior to making any real estate investing.
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Scott Patton:
The only question I can think of Jay, is how can people prepare for what’s about to come?
So if you’re a real estate investor, Like what?
Jay Conner:
That’s a good question. So how should a real estate investor prepare or first of all, you’re going to need to know exactly how the foreclosure process works in your state. Now my foreclosure system works in any state, the letters work in any state how closely you meld them together will vary from state to state and the tracking that we do and how we get up to these people before they’re all set investors even know about these opportunities to serve that works in every state, but the timeline differ state to state. Now what I did when I was preparing myself to enter in through the foreclosure business is I hired my local real estate attorney sat down with my real estate attorney. And I said, I assume I don’t know anything about the foreclosure process in the state of North Carolina, which was pretty much the truth.
I didn’t know that much about it. And I said, walk me through the entire process. So I’m going to encourage anybody that’s interested in the foreclosure business and doing it the way we do it. You want to do that. You want to hire your you know, your real estate attorney to walk you through the process step by step, I mean, for example, one big mistake that new real estate investors make is there might be a bid at the courthouse on this property. And it would be like super, super low, where you never want to place any kind of bid on a property or buy a property, even from someone that’s in foreclosure until you have had a title search done by your closing agent, your real estate attorney, and make sure that you are buying the first mortgage and not a second mortgage, because guess what if you’re the winning bidder or you’re buying the home and taking over payments from a seller and it’s a second mortgage, guess what?
You just inherited the first mortgage. And so that’s a great big mistake that everybody’s should be aware of and avoid. So that’s the first thing I’m preparing along with that is I say plug into doing the foreclosure business the way Carol Joy, and I do it. How do you prepare? Well, first thing, just go watch the webinar and the training www.JayConner.com/ForeclosureWebinar. Go watch that webinar and then any kind of questions, there’ll be a way for you to reach back out to us. And on the webinar, you’ll learn about how you can get the letters, use the letters, the whole tracking process. So the first thing to do prepare is to get educated, and get educated by the right person. And again, we’ve been doing it nonstop since 2004. Even though there’s been a stay over the past year on foreclosures, we still track them.
I knew foreclosure will come on the record, but it won’t go through the process. So we stayed on top of it by still tracking every foreclosure, even though, you know, they’ve got it on pause. So how do you prepare? Get educated, also learn about private money because you’ll need private money at the if you buy it as a bank owned. So again, you gotta get my book, www.JayConner.com/Book, And we’ll ship that book out to you as well. Get educated.
Scott:
Get educated, get prepared, read the book, take the webinar.
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