need your good deals.

I and a partner are coming into a large chunk of money that we'll want to spend. Good reos in a single area, good apt building, group of nice sfrs, etc. No junk and no old stuff. If you have something, let me know. Thanks.

Edited: 06/26/2010 at 06:31AM

James Hiddle

Real Estate Investor · Altus, Oklahoma

2,567 posts
7 awards
56 influence

Dec 02 '08, 08:21 AM

What areas and are you looking for another partner?

Edited: 06/26/2010 at 06:31AM

Michael Ueltschey

· Madison, Mississippi

53 posts
2 awards
50 influence

Dec 02 '08, 08:33 AM

Hey Rich,

I have an incredible deal. . What is the best way to contact you?

Thanks,
Michael

Edited: 06/26/2010 at 06:31AM

David Stidham

Real Estate Consultant · Lake Mary, Florida

9 posts
50 influence

Dec 02 '08, 06:00 PM

I have direct contact with bank/lender on their inventory. They are primarily a construction loan company. Most properties are between 90-100% completed. Bulk preferred, but can do singles. Are you looking for rentals, or buy wholesale, sell retail? Most of these homes are higher end customs. If you are interested give me a call.

David

Edited: 06/26/2010 at 06:31AM by Administrator : Contact Info Removed

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
79 influence

Dec 02 '08, 06:52 PM

I've received quite a few pms. Thank you. I seem to be clarifying my desires in each of those, so these are my paramaters.
No old or junk property
Sfrs or apts are fine
bread and butter type properties
Priced at median price level or below
Buying and holding is my plan
prefer groupings in one area, not onesies and twosies around USA.
Can pay cash or if bank will do 50%.
Thanks for any info. Rich

Edited: 06/26/2010 at 06:31AM

Alex Price

Real Estate Investor · Cleveland Heights, Ohio

180 posts
2 awards
50 influence

Dec 02 '08, 08:25 PM

Originally posted by David Stidham

I have direct contact with bank/lender on their inventory. They are primarily a construction loan company. Most properties are between 90-100% completed. Bulk preferred, but can do singles. Are you looking for rentals, or buy wholesale, sell retail? Most of these homes are higher end customs. If you are interested give me a call.

David

Me and my partner have been looking for direct contacts to the bank to buy properties in bulk. How can we contact you?

Edited: 06/26/2010 at 06:31AM

Alex Price

Real Estate Investor · Cleveland Heights, Ohio

180 posts
2 awards
50 influence

Dec 02 '08, 08:27 PM

Originally posted by Rich Weese

I and a partner are coming into a large chunk of money that we'll want to spend. Good reos in a single area, good apt building, group of nice sfrs, etc. No junk and no old stuff. If you have something, let me know. Thanks.

Were you looking for vacant and/or occupied units Rich? Also what is your price per unit and how many are you looking to buy?

Edited: 06/26/2010 at 06:31AM

John Chan

Real Estate Investor · Cincinnati, Ohio

174 posts
4 awards
50 influence

Dec 03 '08, 02:27 AM

What is meant by bread and butter type properties?

Edited: 06/26/2010 at 06:32AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
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Dec 03 '08, 03:02 AM

Bread and butter mean avg for the area. Not luxury rentals and not older crap.

Edited: 06/26/2010 at 06:32AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
79 influence

Dec 03 '08, 03:03 AM

Alex-Price per unit depends on area and market rents. Not way above the curve.

Edited: 06/26/2010 at 06:32AM

Will Barnard

Rehabber · Santa Clarita, California

Donor Pro

7,835 posts
23 awards
92 influence

Dec 03 '08, 05:59 AM

Rich, what price point are we looking at here? Ballpark.

Edited: 06/26/2010 at 06:32AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
79 influence

Dec 03 '08, 07:10 AM

Per property? Depends on area. Needs to be bread and butter unit. I don't think I can make CA want. Example; Can I find homes that will rent for .8 to .9% of appraised value? If I can buy those for 60-70% ltv abd they aren't old junk, I could probably make it work. Please check my peramaters listed in a previous post in this thread. Rich

Edited: 06/26/2010 at 06:32AM

Russell Chestang

Real Estate Investor · san antonio, Texas

9 posts
50 influence

Dec 04 '08, 03:01 AM

I just locked up a very nice one here in San Antonio Tx. I left you a pm. I look forward to talking with you

Edited: 06/26/2010 at 06:32AM

Curt Davis

Wholesaler · Memphis, Tennessee

Pro

1,161 posts
7 awards
54 influence

Dec 04 '08, 03:31 AM

Rich, I am a Sioux Falls native. I lived there for 27yrs till I moved here 2yrs ago to Memphis TN. I have the exact type of deals you are looking for. I can get you properties in the range of 50-70 cents on the dollar including the repairs. As you know Memphis is one of the best places to invest, especially for SFR. The rents are great as well. A large percentage of the population here rents. Let me know if you would like to discuss Memphis and the opportunity more, thanks

Edited: 06/26/2010 at 06:32AM

Curt Davis, buyMemphisnow.com
E-Mail: crtdavis@gmail.com
Telephone: 901-881-0552
Website: http://www.buymemphisnow.com
Full Service Real Estate Investing in Memphis TN

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
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Dec 04 '08, 03:56 AM

Curt- I'm a fake s. Dakota resident. I split my year between Cancun, S. Texas, AZ etc so I domicile in SD. No state income tax, LOW ins for med and auto and cheap registration fees. pm me with your info or send to [REMOVED]. Thanks. Rich.

Edited: 06/26/2010 at 06:32AM by Moderator

Roy Ah-Hing

7 posts
50 influence

Dec 17 '08, 09:25 AM

Rich,

I have a property that I am selling, 3 bedroom, 2 full bath, 1216 sq ft., sitting on a .99 acre lot will appraised around 220-230K, also I have a 1.1 acre vacant lot that is attached to this property that I would like to sell together as a package. The county assesed value for the 1.1 acre is 212K. This property is located in one of Oregon's sought after area and it has a renter who interested in purchasing the property but cannot qualify for a mortgage loan. I am selling this package for $379,900..please let me know if your interested.

Edited: 06/26/2010 at 06:41AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

Donor

4,619 posts
15 awards
79 influence

Dec 17 '08, 04:58 PM

Roy- Please check my parameters listed in this thread, previous post. This is not bread and butter type unit. I don't want developable land. Thanks. Rich.

Edited: 06/26/2010 at 06:41AM

Valerie Barner

· Tucker, Georgia

20 posts
50 influence

Dec 17 '08, 11:31 PM

Hi Rich,

I may have what you need...
presently have a Nationwide REO portfolio with a sale price is $$$+3% (AL,AR,CO,GA,IL,IN,KY,MA,MI.MN,MO,MS,OH,OK,PA,SC,TX,WI,)

ALL OFFERS MUST BE ACCOMPANIED BY
-VERIFIABLE PROOF OF FUNDS
-[BINDING] LETTER OF INTENT

Contact me ....
Val

Edited: 06/26/2010 at 06:42AM

Jeff Fairchild

Real Estate Investor · Vancouver, Washington

387 posts
2 awards
50 influence

Jan 11 '09, 12:36 PM

Have you thought of investing in bulk reo's? I just recently talked with than merril if you don't want to buy a bunch at at time, his company is buying them and selling them out to investors. You can email him for more info.

Edited: 06/26/2010 at 06:55AM