Phil Pustejovsky
Phil Pustejovsky is known as one of the nations leading experts in short sales. After graduating from Vanderbilt University with a degree in mechanical engineering, Phil chose to focus on the limitless world of real estate investing instead of accepting a safe, corporate job. With the help of his great mentor, Tom, Phil has personally negotiated short sales on $45,000,000 in residential real estate over the past decade. He also acquired a large portfolio of properties using conventional financing, ""subject to"" and lease purchase option techniques. Phil is now ranked as one of America's top undisputed short sale experts. With all the demands of coaching students and speaking across the country, Phil spends time each day personally investing in real estate and negotiating short sales. According to Phil, ""remaining an active investor makes me a better coach and, short sale deals are highly profitable. His commitment to leading by example shows by continuing to invest alongside his students. Phil Pustejovsky coaches students all across the country to financial freedom. In the past 2 years alone, Phil and his students have a combined profit, literally cash in hand, in the millions of dollars from short sales.
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5 Keys to Insurance for Real Estate Investments
Have you structured your insurance correctly for the real estate investments you own? Insurance is one detail that you do not want to make a mistake on because once you discover you’ve improperly insured one or all of your real estate holdings, it’s usually too late! You’re about discover what most investors do not know about insuring real estate investments, including the biggest insurance mistake far too many investors make. You’ll learn 5 crucial points about insurance that can help prepare for when (not “if”, but “when”)disaster strikes. My goal is for you to better understand if you are properly…
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The Perfect Wholesaling Email – Send To Investor Buyers
Wholesaling has always been a go-to strategy for creating quick cash in real estate. Wholesaling has two main components:A Great DealAn Investor BuyerMany wholesalers make a huge mistake once they have an excellent deal to flip and a big list of hungry investor buyers … they market the deal wrong! In this training tip, you’re going to discover how to craft the perfect wholesaling email to send to your investor buyers so that you can get top dollar for your wholesale deal as quickly as possible.The perfect wholesaling email has three key parts: Delivery System, Subject Line and Email Body.How…
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Hidden Way To Reduce Closing Costs For Real Estate Investors
Would you like to know a hidden way to reduce closing costs? More specifically, how about a quick tip to save hundreds on one of the largest closing costs on a closing statement? I am referring to title insurance.Nearly every buyer of real estate requires a title insurance policy. As a real estate investor, in some cases, you are buying the property and pay for title insurance as the buyer. In other deals, you are selling the property and the buyer may require you to pay for their title insurance policy. Either way, as investors, often times title insurance is…
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Choosing a Real Estate Investment Mentor
A real estate investment mentor is the secret to investing success. Every great achiever in history has had mentors. No one is “self made”. Behind every extraordinary person are extraordinary mentors. As iron sharpens iron, so one man sharpens another. But how do you decide on which real estate investment mentor is right for you? Ask yourself these 3 questions when choosing a real estate investment mentor:# 1 – Do You Want to be a Creative or Traditional Real Estate Investor?Deciding on which type of investor you want to be is critical because it will determine which type of real…
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Is Flipping Illegal?
Is flipping illegal? This is an extremely misunderstood topic among newbie and veteran investors alike. The legality of flipping is swirling with myths and half truths and although I am not an attorney, I will lay out the facts that my experiences have taught me about it.(Disclaimer: I am not providing legal advice in this article and for such advice on any legal related issues, always consult a qualified attorney.).If you are (or are considering) flipping property, read this article start to finish. You are probably going to hear things you have never heard before and this may go against…
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4 Steps To Buying A Bank Owned Property As Your Primary Residence
While most of the buzz surrounding bank owned properties involves investing in foreclosures, what if you are looking to purchase a home yourself? Is buying a bank owned REO/foreclosure a smart move when looking for your primary residence? Absolutely! You can get more bang for your buck by purchasing a distressed property and perhaps, even get an incredible deal that provides you with instant equity the moment you buy it. But there are some pitfalls as well. To avoid making a big mistake, follow these 4 important steps when buying an REO/Foreclosure to live in as your home:Step # 1…
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Should You Join the Local Investor Club?
Is joining and attending the meetings of your local investor club a productive use of your time? I get this question a lot. Local REIA clubs (as they are referred to) have been around for decades and most are non-profit associations whose members gather together monthly to share ideas and network.The larger the city, the larger the group, and in some cities, there are more than one in the same city. On the surface, these local REIA clubs seem like ideal meetings for investors to attend. However, there are some things to consider and some rules to follow to optimize…
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Real Estate Investor Loses Everything In A Freak Flood
The devastation caused by SuperStorm Sandy brought back memories of the 3 day thunderstorm that caused a freak flood in Nashville, TN in May of 2010. A common late spring rainstorm became a serious natural disaster when, for no apparent reason, the clouds never pushed off to the East like normal, but instead, hung over Middle Tennessee for several days and dropped more than 14 inches of water. Rivers and creeks rose to levels never before seen in Nashville history. Cars, houses and buildings flooded.It was financially crippling for the majority of real estate owners because many didn’t have flood…
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The 5 Steps To Successfully Negotiate A Real Estate Deal
How do you currently negotiate a real estate deal? Studies have shown that less than 40% of signed real estate agreements consummate with a successful closing. Why so few? Many buyers and sellers are negotiating their real estate deals all wrong. Many assume that if you get the best of the other party and the deal is heavily one sided to your direction, that you have won. That may work with other businesses, but in real estate, the opposite is true. If a deal is too lop-sided, it may never get to closing (which explains why the success rate is…
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Your Mortgage – When to Walk Away
A very reputable publication, the San Francisco Chronicle, recently posted a story on their website that is a true sign of the times; “Your Mortgage: When It’s Time to Walk Away.” Wow. Only in America.This comes on the heels of a new government initiative to incentive’s and streamline short sales. The new HAFA (Home Affordable Foreclosure Alternatives) program is scheduled to go into affect on April 5, 2010 and encourages borrowers to work with their loan services for reaching an alternative to foreclosure. Many critics foresee this legislation to be counter-productive to our country’s real estate recovery because it will…
