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Ep. 82 Short Sales And High Equity Pre-Foreclosure Strategy with Brian J Meara
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Are you interested in short sales? We have an expert on our show today! Brian Meara, CEO and Founder of The Investor Entourage, got his start in real estate as an agent in both New Jersey and Pennsylvania back in 2007. He did this out of financial necessity, fresh off a divorce, as he found himself a single father of three. In today's episode, we cover this topic from beginning to the end. We also talk about high equity pre-foreclosure model. Brian is full of knowledge on this topic too. So stay tuned because you are about to hear a lot of useful information which can help you to take a new look at real estate world and see more options for yourself.
Show Notes:
00:00 - 02:24 Introduction
02:24 - 03:28 What is a short sale?
03:28 - 05:29 Short sale market
05:29 - 07:47 Timeframe for this kind of transactions
07:47 - 11:08 Profits
11:08 - 13:50 Finding short sale deals
13:50 - 16:45 Short sale process
16:45 - 17:50 Brian’s focus at the moment
17:50 - 22:15 High equity pre-foreclosure model
22:15 - 23:33 Financing on a front end
23:33 - 25:18 Economic structure
25:18 - 26:38 Paperwork and terminology
26:38 - 29:03 How many people buy the property back?
29:03 - 30:40 How to stop foreclosure
30:40 - 32:40 Researching data
32:40 - 35:25 Capital raising
35:25 - 40:06 Pieces of advice for someone who is interested in short sales
40:06 - 42:32 Events and contact information
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