Hey yall, Ive come upon a few 80/20 loans that were written by the same bank and was wondering if there is any different way of dealing with them. Seems to me they would have to go as a normal short, but I wasnt sure if I was missing some other creative way?
There are a ton of ways to get really creative in these deals. What you are really wanting to do is get creative and still close your deals without kinking it! We have been at this for 14 years now and in RE for 16 there are great ways to make a awesome money and still not be greedy. You will find that the Greedy people are the one’s that fly by night do a few deals then nobody wants to work with them because they see there is no profit in it for them. I truly enjoy the fact that I make $1,000 per deal. Yet we do 300-500 a month because people see that I am not in this to screw them. Well not that I started to answer your question and got totally off subject I will end this post.