Rochester, NY REI Club to host National Trainer Don DeRosa Full Day Training on How to Make a Fortune in Foreclosures

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One-Day Training Seminar hosted by Rochester Real Estate Investors Club (REI)
Saturday, November 8, 2008
8:30am - 3:30pm
Diplomat Banquet Center, Rochester NY

(PressReleasePoint)
ATLANTA, GA October 6, 2008 – Don DeRosa, who was singled out among the top 21 real estate investors in the U.S. and Canada featured in the New York Times best-selling book The Millionaire Real Estate Investor, will speak at the Rochester REI Club at the Diplomat Banquet Center (Rochester, NY) next month (November 8,2008) about the key techniques that investors need to know to be successful in the current real estate market that is flooded with foreclosures.

DeRosa will discuss how Short Sales should be a key tool in any investor’s toolbox. He’ll talk about how, especially in an economy with rising foreclosure rates, investors can “manufacture” equity on overleveraged properties by knowing how to short sell mortgages. Sellers, lenders, and investors all can come out winners with this technique.

Sellers can avoid foreclosure. When they are months behind on their mortgage payments, have no equity because their house has 2, 3 or more mortgages and is in desperate need of repairs, sellers are thrilled to have an educated investor step in and buy their property when other investors have turned them down. They avoid the negative impact of foreclosure on their credit and get out from under the heavy debt load.

Lenders spend tens of thousands of dollars every time they have to take a property back. Their coffers are already overflowing with REO properties. And second mortgage lenders, as junior lien holders, are in danger of a total loss in a foreclosure situation. Often, there are additional considerations that make the lender anxious to accept a short sale. The property may need repairs, or it may be in a bad area where sales are low. Lenders hate to own real estate – it literally costs them tens of thousands every time they have to take a house into inventory. It is often a better option for the lender to cut their losses with a short sale and move on.

Investor can create hundreds of thousands in equity short selling mortgages, just as DeRosa has. He knows no better way to create large amounts of equity with a small amount of cash than through short sales of second mortgages. You deal with highly motivated sellers, and lenders who see you as a great solution. Many are making mistakes that can be avoided just by learning some of Don’s simple techniques and following his system.

DeRosa offers this presentation in concert with his Short Sale Profits Made Easy and Private Lending 101 courses that cover everything investors need to know to get a short sale done, including: how to find the property, how to work with sellers, how to negotiate with lenders – and how to get them to accept your short sale offer – to how to find the private funds for your deal. He’ll share the tools he uses to make a minimum $20,000 profit on each deal.

“In my courses, I show, step-by-step, how to create equity with short sales, while never using my own money or credit,” said DeRosa. “I want new investors to be able to start on Monday morning with a step-by-step system to launch their investing careers, and experienced investors to leverage their knowledge with new techniques that will enable them to buy an unlimited number of houses.”

Don DeRosa is a real estate investor, author, teacher, coach and national speaker. He trains new and experienced investors how to build wealth in real estate without using their own money or credit. Don’s focus is on “connecting the dots” for investors, so that they are able to operate a real business, rather than execute a number of unrelated tactics. A real-estate investor since 1993, he began his career part time while still a manager at a Fortune 500 company. Don soon found that he could earn more investing in real estate than he could working 65 hours every week for his employer. In 1998, he started investing full time, and now he has five different companies – an investment firm to buy and sell real estate, a realty company to list properties, a mortgage company to finance properties, a land development firm and, of course, a training and education company. He can be reached via his website, www.askdonderosa.com.