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In today’s episode of Raising Private Money with Jay Conner, Nicole Espinosa joins Jay to teach the 3 criteria for which a property can qualify for a short sale. Nicole is the best-selling author of “Short Sales Uncensored” and “How To Master Short Sales”. She is known as “The Short Sale Queen” and has grown her company nationwide expanding into 14 states. Before Nicole did short sales she had a background as an REO manager, working with over 50 lenders. Nicole has closed thousands of short-sale transactions successfully and continues to process hundreds a month for clients nationwide. Nicole has been featured on several real estate panels, podcasts, and TV segments. Her extensive knowledge of distressed properties has made her the market expert when dealing with difficult transactions. When she’s not working on real estate transactions she is mom to her 3 adorable children, Jordan, Elias, and Emma who are her “why” and the reason why she works so hard. Timestamps: 0:01 - Get Ready To Be Plugged Into The Money 0:11 - Today’s guest: Nicole Espinosa 2:44 - How Nicole Espinosa became known as the Short Sale Queen. 5:53 - What is a short sale deal? 7:39 - Why would you rather go into a short sale deal and prevent a foreclosure? 10:15 - What are the criteria to qualify a deal as a possible short sale? 14:17 - Average timeframe for a short sale deal. 20:57 - Connect with Nicole Espinosa: https://www.TheSSQueen.com 22:32 - Do you need to have all the cash to close a short sale deal? 24:00 - Jay’s Free Private Money Guide: https://www.JayConner.com/MoneyGuide 27:14 - The most common mistake when doing a short sale deal. 30:12 - How to get started with your short sale deal. 31:32 - Nicole Espinosa’s parting comments: Always think about providing solutions. 33:18 - Raw and Real with Jay Conner
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What is Private Money? Real Estate Investing with Jay Conner
https://www.JayConner.com/MoneyPodcast
Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his own money or credit.
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