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Over the next few days I am going to give you a sneak peak at the REI Concepts Magazine.  The REI Concepts Magazine is a digital magazine geared towards the real estate investor.  We have 7 real estate investment experts who have contributed their knowledge to the very first issue due out April 1st.  Between now and April 1st, we are going to allow our subscribers to get the complete first issue for $1.  But before I give you more information, I want to share an excerpt from one of our contributing experts Graham Treakle.

Back in 2008, it was either August or September of 2008; we had a real estate agent brought us a transaction that we had a buyer and a seller for. The loan on the property, I was saying, was right around $550,000. Well, we had a buyer for this house at $415,000. The “as is” value, so the broker’s price opinion was another to call that, the “as is” value of the property was about $420‑425,000.

Essentially, what we had was we had a buyer at about 98 percent of the current market value. What Treakle and Associates did is we came in and we negotiated a short sale for the homeowner. What we did was we charge a fee on the HUD statement and actually put the fee on line 13 of three of the HUD statement. We charged a fee on the HUD statement through our parent company, which is Realms and Realms is a law firm.

We charged a fee on the HUD statement of three percent, so essentially we made three percent of $412 or $415,000 which is a little over, about $12,500. So, it was a pretty decent transaction for us. What we were able to do was we were able to participate in the real estate transaction that already had a ready buyer.

We were able to participate in the transaction without having any risk involved. We didn’t have to get a loan. We didn’t have to do any of that. It was a lot easier than the investor short sale. The reason that it was easier than the investor short sale, if you remember the example that I just told you about a few minutes ago, was because instead of having to influence the value of the home down to 70 percent minus repairs in order to make the transaction work from an investor’s standpoint we just had to get a little short sale.

So, the bank, on the other hand, they had to take a significantly smaller hairpin, if you will. The bank was happier with the transaction. We didn’t have to influence the broker’s price, depending on working the value of the property down so it would work for us. It was just a really clean and easy transaction.

If you would like to get your hands on the very first issue of the REI Concepts Magazine, you can do so for only $1 if you sign up before April 1st.

PLEASE NOTE: You will receive the first issue on April 1st.  The $1 issue comes with a 30 day trial to review all the materials.  If you decide that you would like to continue to receive the REI Concepts Magazine, you will be billed $47 every month for your copy.  If you would like to cancel, you can just email me at rtreakle(at)reinvestingsuccess.com.

Get Your $1 Issue Of The REI Concepts Magazine

Cheers,

~ Ross Treakle