It's one thing to pick up a property. It's quite another to resell or "flip" the property for a profit.
Regardless of if you've picked up a property from a motivated seller directly, or you've worked with the bank to do a short sale, you have to move the property after you buy it to make a profit.
In this Turning the Key presentation, local attorney Burton Kliman goes over how to resell your properties for a profit, the problems you can face in structuring the transaction, and how you can take title and move it onto the end buyer.
Hear a special interview with our guest speaker, Burt Kliman, for this content-packed Turning the Key on Short Sale Fraud and why Flipping is OUT and Reselling for Profit is IN!
Listen Here.
Attorney Burt Kliman has been working with Banks and Investors on short sales long before they became so popular. He regularly counsels asset management companies on loss mitigation strategies, essentially helping these companies develop the legal and analytical framework for
alternatives to foreclosures. He also works with Investors (and is
counsel to some of our more active investors here at ForeclosuresMass)
helping them to successfully short sale and resale distressed assets.
In this Turning the Key presentation, Attorney Kliman shares with you:
- Why "Flipping" is out and "Reselling for Profit" is in
- What you should know about doing short sales in this market.
- Why it makes more sense financially for the bank to approve
your short sale, and how to convince them to do it!
- How to properly structure your resale transactions
- The mystery behind double closings
- How you can take title and move it to the end buyer
- The 5 pitfalls of "flipping" and how to avoid them.
Make sure to pickup this great Turning the Key presentation and learn why flipping is dead and what you can do about it!
