Luxury home flipping

[Paul Shields]

First I want to say I am glad I found this site.

My question is about Luxury home Flipping through short Sales. I got turned onto it by listening to a webinar held by a guy named Robb style of Florida. He was selling his system for $997. Would of paid for it but was afraid of being scammed.

In this webinar he describes how he would put a short sale offer into the bank. Then bring a short sale negotiator to deal with the bank. When he would final get a short sale approval from the bank, he would then go find a end buyer.

He said he had disclosure forms that would keep him from having to put earnest money down. And also had a transactional Lender help him do a back to back close. He stated that he would show how to get around the seasoning with the bank.

I was wondering if anyone could help me out with this process or even if it was possible. I have already track down some Transactional lender online. Never dealt with short sales and no nothing about these disclosures.

I Know how to find theses homes and how to market them. Looking for any help, comments, suggestions.

Thank You in advance

Paul

[Will Barnard]

Programs like this are so common and promise the dream but deliver the nightmare.
Sounds real easy and simple, right? If it really were, this person would be doing it and making $100k+ rather than selling some crap program for $1k.

Finding buyers for $1m properties typically takes a tad longer, secondly, banks are wise to this middleman process and make it as difficult as possible on you now.

Lastly, with the current market conditions, banks are not letting things go for much of a discount these days, so the example of a property bought at $1m that could sell in as is condition 30 days later for $1.5M is a fallacy at best.