Monday, April 23, 2012

The Sub2 Camel Hump

Camel’s humps go up and down.  Yes, they do.  Know why?  Because camels store water in their humps, and their humps expand and contract according to how much water they’ve stored.

If the camel’s hump is small, it may refuse to get up and walk, until he gets his hump filled.  In other words, if the Camel’s hump is shriveled, he won’t let you ride him anywhere.  And if you’re depending on that camel to get you to the Promised Land, you’re screwed ...until your camel gets some “hump water.”  

That’s exactly the way it is with the wrong Sub2 prospects.  They’ll just sit there, stare, and spit.  The only solution is to wait until they get their humps grown back.  And this can take a while, because a camel can drink you under the table, as it were. 

In the same fashion, until the Sub2 prospect is properly motivated, he won’t be interested in giving us his deed in return for debt relief.   Promises to protect his credit by taking over his payments, and otherwise allowing him to move on, won't matter much.  He’s got options.  And the option he’s exercising now is just, “sitting, spitting and waiting with a shriveled hump.”

So, what’s the point?  The point is that we need to find and qualify the Sub2 sellers that have “big humps.”  These are the sellers that are ready, willing, and able to be 'ridden' to the Promised Land.  They’re ready to give up their deeds and debt. 

The question is, “How do we find these Sub2 sellers?”

There are several ways.  One way is to look for prospects with expired listings.  These sellers have experienced one or more of the following:

1.    Suffered one or more failed escrows...
2.    Couldn’t lower their asking price and still pay the realtor...
3.    Afraid of being a “FSBO” seller (For Sale By Owner)...
4.    Just need quick debt relief for any number of reasons...

Speaking of those who just need debt relief, another hidden source of prospects are those who typically get in trouble within the first two years of home ownership.  These are sellers that bought houses, accepted all sorts of credit card offers, loaded up the cards, bought new cars, furniture, and appliances, and now find themselves rationing toilet paper.  They can't wait to give us their problems, if it solves "their problem."

Then it’s a matter of making no down offers that will allow us to get in light, and resell without a lot of overhead ...and capture thousands of dollars in down payments from motivated buyers..

Of course we only want to buy and sell newer, nicer homes that everyone wants.
It should go without saying, but we want to quickly disqualify and wade around the sellers sporting shriveled humps, that just want to both sit down, and then spit on us.

The great news, is that you can easily find these Sub2 sellers using the same system I've been using for years.  It's a sophisticated system to both find, qualify, and close on the most motivated Sub2 sellers in this market.  It's about making money flipping nice homes in just days without down payments, loan apps, a job, or credit.
$20 Dollars Down
If you would like to learn the system I used to find the seller with a big enough hump to accept just twenty dollars for his equity, just click on the following link to see a video about how you can do the same thing:

“Finding Sellers With Big Humps, And Riding Them To The Promised Land.” 

Of course, that's not the actual name of the presentation...but you'll get it, once you see it.

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