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DC Fawcett Complaints on common mistakes made by investors in real estate market

There are different types of real estate investment which can be a life changing career for many. From buying a vacant land to purchasing the rentals for cash flow income, real estate investments can be more profitable if done carefully. These investment options have multiple advantages like huge profit even from a single transaction and also some pitfalls. – DC Fawcett Complaints

Real estate investment gives you financial independence and profit, so, many new investors are starting their career in market every year. But, many of them are not aware of the scams associated with the field. People who want to make money from real estate investments fall prey for such scams and end up with loss.

DC Fawcett complaints such scams are targeted at new investors and they cannot be traced out easily. Let us see the DC Fawcett scam avoiding techniques one by one,

Online real estate scams

This is very common scam faced by real estate investors! Many investors who are not aware of this type of scam get cheated very easily. The scammer will pose as a real estate owner and insist on wiring the money to him. This happens online and you cannot trace the person easily as he will be not be dealing with you directly. The online scammer refers to the listings of home to be sold in MLS, copy them and post it in his scam website. The investors who refers to his website for real estate investment, contacts him and wire him the money immediately. The scammer might have offered incredibly low price for pricey properties and convince the investor to act soon for the deal.

DC Fawcett complaints on many investors who wired the money to such fraudulent people and can be never seen after the scam. To avoid such scams, you have to contact the sellers and insist on meeting them for closing on the deal. If you hear any excuses like they are offshore and cannot be in person for the closing then there is something fishy. Do not respond to their email transaction request and avoid their calls too.

How to get rich quickly in real estate business?

DC Fawcett reviews that many scammers conduct workshops on getting rich in a quick way. The truth is, real estate investments won’t work that way! There are many websites and seminars conducted by the renowned real estate gurus which can be of great help to the investors. But the scammers might conduct such meetings only to get money from you.

To become a successful real estate investor, have patience and work hard right from the start. Do not spare even little things that have to be learnt in real estate investment as they may help you a lot with the business. Speak to experienced and even the novice realtors and also share your experience with them. They might have been in the same situation and help you with their knowledge.

DC Fawcett, an eminent and notable real estate expert has been guiding hundreds of real estate investor by sharing his years of knowledge in real estate business. For more info on real estate topics and how to get started easily with the investments, log on to dcfawcettreviews.com.

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DC Fawcett Reviews on how mortgage short sale training will help loan officers

Short sale business

When a home owner has a huge outstanding mortgage payment with the lending company, then he put up the property for short sale. It will be used to repay the lender but it will be less than the full repayment of mortgage. By this way the borrower will be released from the mortgage and the house will be sold. Even though it is sold for less price, the lender at least get about 70-80 percentage of the mortgage due. Short sale mortgage can help the lender to avoid big losses for the company.

DC Fawcett reviews states that buying such mortgage short sale properties and selling them for higher value is what the mortgage brokers actually do. Will it be a profitable career? How to do this efficiently? Is there any training given to do it? DC Fawcett mortgage short sale training will help the loan officers and make it as your primary business.

General tips on how to get started with mortgage short sale

  • You can search the lender who has mortgage property for sale online or using multiple listing websites and contact them. You can buy the property from them directly
  • According to DC Fawcett reviews once the short sale proposal is finalized, make an agreement of the proposal which clearly denotes the price of the property. It should be the lowest price in the market since you are buying it in short sale
  • Make sure that your agreement ensures that the lender will not demand the deficiency amount from you. If you paying the deficiency amount then the short sale business is of no use. The lenders will agree for this point because they have to avoid foreclosure at any cost
  • After signing the agreement with the lender, start marketing the property with right channels. There are various options available like newspapers, advertisements in classifieds etc.
  • Once the agreement is finalized and you started marketing the house for sale, you’ll find a potential buyer. DC Fawcett complaints on overpricing the home and make sure you price it higher than the buying price from the mortgage lender.
  • Do necessary rehabs before selling the property to buyer. If the home is too old, then do necessary repairs and renovation before staging it. Fix the leaky faucets, replace the torn carpets and repair the roofs before showing it to the buyers.
  • You can also wholesale the house to rehabber and sell the house in as is condition. Many sellers opt for this option since they find rehabbing process to be a tedious process.

Before buying the mortgage short sale property as an investment, make sure you are buying it for right price. Even if the lender is selling the house, he may have no knowledge about the pricing since the seller will be pricing it. The seller and the agent will assign the price for the property. Check the comparables in that area and make sure the property is not overpriced. It can take from 1 to 3 months to complete the transaction while buying a short sale property. DC Fawcett complaints that many investors confuses the term “short sale” for the process as it may take long time to complete.

DC Fawcett reviews trains you with the best strategies available in the real estate market. His training will help the loan officers on how to buy the mortgage short sale properties easily!