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50k on 4 Real Estate Deals! Real Estate Investing 101!

Cocktail Party Conversation Leads To Mortgage Assignment Discussion

I wanted to share a little story with you this week. I went to a cocktail party and something interesting happened that was very relevant to real estate, so I thought I’d share it with everybody on my blog. I actually went to a cocktail party and I’m sitting there having a drink and somebody walks up and we start chit-chatting. And, you know, I told him I was a real estate investor and he was actually a dentist and we start talking about it.

You know, sometimes when you tell somebody you are a real estate investor it’s kind of like when you tell somebody you’re a doctor and they start showing you their elbow and asking you if they can give you a little advice. Anyway, he had some questions about real estate. It turns out he was selling a home and it was about a $1 Million home here in Austin, Texas. He had this home on the market for about, gosh, almost a year and it hadn’t sold.
cocktail 150×150 Sell An Unsellable House With A Mortgage Assignment

Mortgage Assignment At A Cocktail Party

As he’s telling me this story I look at him and I say ‘well you know you can’t sell your house.’ He looks at me like ‘what are you talking about?’ I tell him ‘your house is unsellable.’ He’s like ‘what do you mean my house is unsellable.’ I say ‘your house, who would buy your house?’ And he says ‘well lots of people, it’s a beautiful house, a doctor or a dentist or some business owner, there’s lots and lots of people that would love to buy my house!” And I said ‘well, okay, what kind of loan would be needed to buy your house?’ He says ‘well I don’t know, a big loan.’ It’s like ‘yeah, from a self-employed person, doctor, dentist, somebody like that.’ And he says ‘exactly.’

Phill Grove has been called the most successful residential real estate investor in post-bubble America by dozens of today’s top guru’s. He has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. As the Founder and President of Love American Homes, as well as the creator of the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the “12 Ways to Buy and Sell Real Estate”, as well as marketing and lead processing strategies that actually work. REI Maverick, Phill Grove teaches how to zig when others zag, and believes the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and has never seen a bigger opportunity than now to grow rich while helping others. Find out more about Phill at http://www.REIMaverick.com

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