BiggerPockets

Hello all,

New to the forum , been in Real estate for a couple years mostly apartment rentals, just getting into REO's/ Im currently working with a Investment group who buys large pools of homes direct from bank/mortgage companies. Just recently we took an "all or none" package with over 200 homes and I would like to hear different strategies for unloading these homes.

On my own using various methods I was able to sell about 30 homes in 30 days but its pain staking work selling them one by one. In addition to that I want to unload quicker to free up more capital for my investors to buy more property as I believe that they think we've reached the bottom and are aggressively buying from their source . They keep the source with the banks very private but I see already the many hurdles involved in selling bulk REO's. Property condition, area, squatters sometimes are issues.

I don't have many details on the homes, just addresses and list prices which is exactly how it comes from the bank. I've noticed the homes we are taking from Citi-bank have some more details, they may send a old title report or something with the bid.

Any tips and tricks are greatly appreciated.

Not much, 6 in PA 1 in Upstate NY, 1 VT, 1 Jacksonville,FL and 1 in Rhode Island

I don't have too much in the south but around 60¢ on the dollar. I can send you some homes in the south if you would like. What states specifically are you interested in?

Hello Jake , We have a back-up plan which would yield less profit that we can always use.

Thanks for the tips Dawn, we considered using lighthouse to list the homes but found they were slow to move the homes and just wasn't a viable solution. We are looking to move the homes quickly as we want to expand our inventory.

right now I only have one in TX but have another package I purchased with more TX homes, I'm just waiting for deeds before I start selling the package.

Well thanks Louie! I wish I could take credit, but the donation idea actually came from the seller that I am direct to. If they really can't move all of the houses they buy, they can definitely afford to donate them, and they really like to give back (and need the tax write-off to offset their profits).