Hello from the Big Apple (NYC)

My name is Nick Jaber and work for a investment group [Express Estates] out of New York City. Currently we are buying packages of homes coming direct from the banks/mortg. companies at very good prices. Looking to see if I can establish relationships on the forum with people interested in buying bulk REO'S in cities across the country. Im excited about what this forum has to offer and hope to absorb knowledge in the REO and real estate inductry nationally.

I'm used to dealing with real estates in New York and found that its slightly different selling a home in Durham, North Carolina then it is selling a condo in the Upper West Side. :D

Edited: 06/26/2010 at 06:35AM by Nick Jaber

James Hiddle

Real Estate Investor · Altus, Oklahoma

2515 posts
9267 Influence
7 Awards

Icon_minipost Dec 09 '08, 12:15 AM

Welcome to BP.

Edited: 06/26/2010 at 06:35AM

Lafi S.

Wholesaler · North Jersey, New Jersey

213 posts
982 Influence
3 Awards

Icon_minipost Dec 09 '08, 12:56 AM

Welcome Nick.

Edited: 06/26/2010 at 06:35AM

Dick Green

Residential Real Estate Broker · Conroe, Texas

1596 posts
1347 Influence
4 Awards

Icon_minipost Dec 09 '08, 05:40 AM

Hi Nick,

Welcome to the group. You should have no problem networking with like minded individuals here at the site. What got you started in Bulk sales?

Edited: 06/26/2010 at 06:36AM

Niko Sumrein

Loss Mitigation Specialist · Newark, New Jersey

12 posts

Icon_minipost Dec 09 '08, 10:14 AM

Welcome Nick, east coast expansion

Edited: 06/26/2010 at 06:36AM

Nick Jaber

Real Estate Investor · New York , New York

57 posts
14 Influence

Icon_minipost Dec 09 '08, 08:00 PM

Originally posted by Dick Green

Hi Nick,

Welcome to the group. You should have no problem networking with like minded individuals here at the site. What got you started in Bulk sales?

Well Dick, it sort of fell on my lap. I was very heavily invested in apartment rentals in Manhattan when a opportunity called with a old business associate of mine. Showed me the ropes got introduced to many influential people and now concentrate on REO's full time.

Edited: 06/26/2010 at 06:36AM

Nick Jaber

Real Estate Investor · New York , New York

57 posts
14 Influence

Icon_minipost Dec 09 '08, 08:03 PM

Forgot to also Mention although I prefer to unload my REO's via bulk sale for less money, I have no problem getting rid of them individually however I would probably look for a larger spread.

Edited: 06/26/2010 at 06:36AM

Augie Byllott

Real Estate Investor · Champions Gate, Florida

36 posts
1 Award

Icon_minipost Dec 10 '08, 12:56 AM

Nick-

I'm new here as well, but welcome to the site.

Augie

Edited: 06/26/2010 at 06:36AM

Kirk King

Real Estate Consultant · Dallas, Texas

18 posts

Icon_minipost Dec 10 '08, 08:31 PM

Howdy from Texas, my name is Kirk King.

I am an experienced investor/Realtor in Dallas TX. I have people interested in Bulk REO purchases in Dallas, Austin and maybe Houston. One group has up to 10 million liquid.

What percentage LTV are these homes available at? and how many are they required to take?

Edited: 06/26/2010 at 06:37AM

Nick Jaber

Real Estate Investor · New York , New York

57 posts
14 Influence

Icon_minipost Dec 10 '08, 08:40 PM

Hello Kirk, as of now the only home I have in TX is one in Lancaster, I had a large package in Texas that we already sold in Dallas. I will keep an eye out for you though.

Edited: 06/26/2010 at 06:37AM