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Forums » BiggerPockets Success Stories » Bulk reo deals closed

Bulk reo deals closed Subscribe to Bulk reo deals closed

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Residential Real Estate Broker · West bloomfield, Michigan


Ok let me start off in the beginning about 3 years ago when I started into the bulk reo mayhem. I like most of these broker jokers out there believed some how that the elusive billion dollar packages did exsist. (HaHa) (I can now laugh at myself) I worked my butt off deal after deal after deal 14-16 hour days in hopes to sell that 1 huge package. Of course that deal never came. I was thinking of all the stuff I would buy and that I could finally quit my day job at "Target" I thought I would have a ferarri. Starting from January 1st of 09 until today November 17th 09 I can honestly say I am in the game. I have become more aware of what exsists and doesn't exsist. I know the real players in the game. I have closed over 100 bulk reo packages this year and, am making good money at it. I am not making millions but enough to quit my job at Target which I have finally done last week after 12 years of being there. [SOLICITATION REMOVED] I wish everyone luck in this industry. The best advice I can give people is to have a lot of patience and, don't believe everything you see or hear. People in this game are great talkers and, that is what fooled me.

Thanks

Avi (President)

A&M Global Investments LLC


Real Estate Investor · Milwaukee, Wisconsin


I voted you up for the quiting Target. What a great store. It is just like McDonalds and Pot.... all great equalizers. The rich and the poor can unite over something (throwing a bone to our liberal friends).

Seriously, how much does one make off of a bulk REO deal? I am glad you are moving up in the world. Head over to the intro part of the forums and introduce yourself. Welcome to BP and stick around and maybe you will have that Italian car you want one day.


Residential Real Estate Broker · West bloomfield, Michigan


It depends on the size and price of the package. Usually we charge between 1000 and 1200 per property. If there is more than 50 or a certain dollar amount we will either cut our commission or charge a percentage. We're all about making deals work. That is why so many deals don't close. People either are greedy and wana make a million by passing a phone number or there are too many brokers involved in the transaction which 9 out of 10 times will not close.


Real Estate Investor · Denver, Colorado


I'm going to leave this here because it is a success story. But Bulk REO discussion must be in the bulk REO forum. So, thread closed.

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


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