Fannie Mae REO Pool Sale

[Kurt Chen]

Anyone knows how the Fannie Mae REO Pool Sale is going? Who has done it and got inside info to share?

From BP podcast show 60, the guest Serge Shukhat mentioned a group of Texas investor buying from Fannie Mae REO Pool at $1 million for 30 single houses. Sounds very interesting.

I am looking at the strategy of buying a lot of single houses quickly, renting out, and selling at the next market peak (in 15 years, maybe?). Assuming I can raise the large amount of money needed (a big if). Using MLS and real estate agent would not work. Buying from Fannie Mae REO Pool seems feasible.

Any detailed info would be greatly appreciated.