BiggerPockets

Originally posted by Eddie Ange

I do not have, nor broker tapes. I have only the direct access to the banks through my partner, the compiler.

Originally posted by Eddie Ange

We have a protocol that asks for the Buyer to proof up first before we send LOI to the banks

Since by your own admission you're not the seller why would anyone want to submit financials to you? The LOI to the banks comment is another glaring misrepresentation that you're direct and for clarification....how are you being compensated?

If you have many clients why would you risk your reputation by coming to a forum in search of more?

I guess I'm just confused....which happens a lot here lately :roll:

Sorry for the second post. I forgot to address one of Christophers statements.

Why would I not want more business. I am 36 years old not 86. It is not time for me to slow down.

Why are you so negative? I do not give out that information. And I know your response. Don't be negative, be positive.

You know why I will not tell you my banks. And no I am not full of it. I have always stated that I do not offer tape. I offer a service. I have the access to the banks and a protocol that the banks like and that is why they do business with us. I will not ruin those relationships for any one.

Your relationships with these banks sound to be different than our relationships. I can tell you that a couple of your banks will pay us for our services.

As I have said, I have not completed a package. My partner has completed many. I have done my homework on him, as with anyone that I work with, and our compensation comes from the banks. Another difference that we offer Buyers.

Education tells you what will happen before it happens. I have a great teacher that has explained the process and show me the steps.

The difference in the relationships could be a mistake. I do not know what your relationship is. What I do know is that through the compiler, some of the banks on your list have completed transactions with this compiler. And his compensation comes from the banks.

Will that do for you? Or do you have more questions? The problem is that you have been building the same wheel for so long that it is hard for you to imagine anything can roll better.

Let's keep in touch. When I close the current deal I am working on I will have the proof you want. I will not tell you from which banks it came from, but I will provide proof that I did it. Good for you?

I am compensated by the banks to which we deal with. I do not impact the Buyer side of the transaction.

:joker: :joker: :joker: :joker: :joker: :joker:
How many jokers does it take Chris?

Ed,

I've tried to bite my tongue with you up to this point but if you've got the balls to call me a JOKER we can get right to brass tax and your idiotic statements and the fact you're a "never closed anything" wannabe. It shows a pure lack of EDUCATION to follow people into an unknown and purport it as fact yet you ride along like it's a Disney E ticket program

Compiler? That's the most glaring batch of idiocy going

Your largest bit of denseness comes from your comment that education tells you "what's going to happen"...Are you serious?

Education prepares you to enter a field and EXPERIENCE....which you have ZERO OF is what helps you determine what's coming. In your case it's a train and not the light you were hoping for

I already know why you'll never name any bank you "want to" do business with and you know as well. It's because I'll post the email I get letting everyone know how full of it you are

So to finish off your "education" this evening lets look at just how dumb your comments are

Question: If a bank, any bank, has a portfolio for sale at 62 and you bring a buyer with your compiler (gotta be direct) yoyo....what happens to the price?

Joker this bro!

Originally posted by Eddie Ange

I have the avenue to the banks. Does anyone know how I can find ligitamate buyers?

That was just 11 days ago where you asked how to find legitimate buyers....

In this thread you mention

Originally posted by Eddie Ange

We have many clients currently

Joker is being kind,

Liar is more likely!

Originally posted by Eddie Ange

And let's talk about your lack of knowledge regarding the job a compiler does. You get a tape from a bank and send it off to a client to verify and confirm.... That is what we do. We compile the information and give them everything to make an educated decision. If you already do this, guess what? You compile the information.

That in a nut shell is a pile but it has nothing to do with compiling. NO BANKS are releasing data analysis for "brokers" to shop as it deteriorates the value faster than you've ruined what little opportunity you had here of getting a buyer. Now you're a compiler of information :lol: That's hilarious!

Your perceptions of market values are so ridiculous it leads me to believe that you're either in Memphis, Ohio, or Michigan...or maybe you're pricing non performing loans. REO is not trading at or in the 40's (unless you're selling on Topix). Somehow you have an average of something you've never done? Something about denial and a river in Egypt starts to sound familiar

It's quite evident you're a colossal wasted effort and this is where I quit wasting my time with someone that clearly is lost,

Good luck!


:roll:

There is a LLC that has just been formed consisting of 4 banks that have a minimum of $350 Mil packages. Their price point is between 28 and 32 cents.

From the conversation above and my lack of experience I have confirmed what I have stated as far as price point and compensation. I do not have a tape. What I have is the access to the banks.

After my conference call tomorrow with a group out of NY we will pull tape. I have been granted permission to show my ability to pull tape with that transaction. I will give you what information I have so that you can feel comfortable.

Thank you for your response.

Eddie,
You have to be careful with what you say on here! You are not dealing with Rookie Investors on this Forum. People from this Forum have been in REI business for many years. I know the REO's very well. Good Luck with your compiler! I do wish you the best. I would like you to close a deal. I just can't see how, with what you are saying.
I wish I can agree with you. I guess, time will tell. If your ( Compiler ) does not come through for you, give me a call. I would like to show you a Real REO opportunity. Have a Great Day!