Welcome back to another riveting episode of the Raising Private Money Podcast! Today's show is a treasure trove of insights for every real estate investor grappling with foreclosures.
We're thrilled to be joined by the esteemed Nicole Espinosa, the 'Short Sales Queen,' who brings a wealth of experience and a striking track record of thousands of successful transactions.
Together with Jay Conner, Nicole unpacks the complex world of short sales and their advantage over foreclosures for both homeowners and banks. They dive into the essential strategies for securing funding, avoiding common pitfalls, and understanding the homeowner's plight to close deals effectively.
In addition, Jay discusses his Private Money guide, essential to the toolkits of real estate enthusiasts eager to navigate the financial landscape. And for those looking to sharpen their skills, Nicole shares details about her 4-week boot camp and a not-to-be-missed $30 masterclass that offers a case study, Q&A session, and robust guidance for entering this niche market.
Listen in as they address essential questions about resources, starting in the field, and the realities of negotiating these challenging sales. You don’t want to miss Nicole's pro tips, her advice on efficient lead referrals, and how to provide holistic solutions in real estate investments.
It's an episode full of actionable advice, so buckle up as we explore how you can solve foreclosures with finesse alongside the Short Sales Queen herself, Nicole Espinosa.
Timestamps:
0:01 - Raising Private Money Without Asking For It
2:44 - How Nicole Espinosa became known as the Short Sale Queen.
5:53 - What is a short sale deal?
7:39 - Why would you rather go into a short sale deal and prevent a foreclosure?
10:15 - What are the criteria to qualify a deal as a possible short sale?
14:17 - Average timeframe for a short sale deal.
20:57 -  Connect with Nicole Espinosa:https://www.TheSSQueen.com
22:32 - Do you need to have all the cash to close a short sale deal?
24:00 - Jay’s Free Private Money Guide:https://www.JayConner.com/MoneyGuide
27:14 - The most common mistake when doing a short sale deal.
30:12 - How to get started with your short sale deal.
31:32 - Nicole Espinosa’s parting comments: Always think about providing solutions.
Connect With Jay Conner:
Private Money Academy Conference:
https://www.JaysLiveEvent.com
Free Report:
https://www.jayconner.com/MoneyReport
Join the Private Money Academy:
https://www.JayConner.com/trial/