The chicken or the egg is a dilemma that has also penetrated the world of real estate. In the note business, it often equates to the property or the bank. Scott helps us understand this predicament by providing some details on which entity must be dealt with first. Proving the order of importance between the property and the egg, Scott says that if you are chasing eggs, it is advisable to go upstream and … Read More
EP 333 – Short Sales in Today’s Real Estate Market with Melody Medley
A common misconception by people about short sales is that it happens fast, that they can close a deal by tomorrow. As a result, many jump in without thinking of the processes it entails and end up getting scammed. Scott talks with realtor and short sale expert, Melody Medley, about short sales in today’s real estate market. Giving the 411 about it, she covers the market value according to the condition of the property, … Read More
EP 328 – When Good Deals Go Bad
When doing deals, there is no assurance that they will all be winners. There will always be failures and mistakes. That is inevitable. Many people forget this fact that they fear creating mistakes and end up not doing anything at all. This is especially true for new investors. Scott talks about what actions to take when good deals go bad. He breaks down the three biggest things you have to value, some acts of … Read More