I recently went to an investor's club meeting and the speaker was talking about how investors could buy short sales as high as 60% off the market value. When they introduced him, they said that he had been dealing in short sales for 2 years now and those were the type of deals he claimed he was able to make. They also mentioned that he has not invested in the last 8 months and has been too busy teaching his purchasing methods. I'm not saying it's not possible, but I believe it's also not as easy as he made it sound. Most of his methods dealt with contacting the distressed owners directly, so he did sound like he was attempting to teach his students how to take advantage of homesellers in financial trouble.It's entirely possible he was able to make deals happen at one time, but I believe...
Comments
0