BiggerPockets

How many investors are there in this country who want the opportunity to buy REO properties, but do not have the resources and/or knowledge to buy at auction, Trustee sales, direct from banks, direct from banks via bulk reo packages, etc? I would say it is in the tens of thousands.
How many home buyers are there who would love the opportunity to buy bank owned properties and not pay the retail MLS list price? Again, in the tens of thousands, if not hundreds of thousands.

Very few have the financial resources to acquire full tapes from bank REO holdings. Most of these tapes consist of many properties valued at 5 million or more. What if you could buy just one REO, and get bulk pricing rather than the full price on the MLS? Interested?
Post here that you are interested in taking part in buying REO properties from Bulk REO tape owners, and your contact info must appear in your profile. Please do not post emails, websites, phone numbers etc. in your posts as it violates forum rules.
All interested parties will be contacted and given instructions on how this system works.

Now is the time to buy real estate. Times are tough, the economy is in the tank, many are sitting on the fence, most are running scared. That is precisley the time to take action and buy. Any financially independent individual will agree that the greatest opportunities are found during the worst times and that you must be prepared to take action and take advantage of those times to succeed. :lol:

Originally posted by nationwidepi

30+ views and not one interested party yet?

How many bulk packages have you closed and at what levels?

Your post hardly rates as a "whoopeee"....as there are tons of false promises on the net. Real buyers are already buying and a new "pool" idea is hardly exciting

Good luck on this endeavour

If you have something in the Denver area, I'd be interested.

It is not clear how this works but I'm interested. I would like to know more information.

It's called "Cherry Picking" and happens on every deal. In fact the kick out is always going to be represented in the LSA or Purchase Agreement,

Good luck

That really sucks Josh. I thought I was successful in defusing that already and now my posts to others are gone. I lost out (as did my recipients) on several pertinent explanations.

Oh well. . .
Back to the discussion and as Josh said, please stay on topic and no poster bashing please. This thread is intended for serious participants with serious input.
Thank you.

Thanks for your honesty. I am the check writer and I will not blow smoke up your azz either. I do not claim to have 100 million to 1 billion available to buy tapes. I am looking for tape owners who can offer REO properties to me and my other buyers at good price points. I spoke with Lee tonight and had a great conversation with him. I am well aware of your position.
Perhaps we can speak later this week.
I just sent you a PM and then we can set up a time.

Originally posted by nationwidepi

Thanks for your honesty. I am the check writer and I will not blow smoke up your azz either. I do not claim to have 100 million to 1 billion available to buy tapes. I am looking for tape owners who can offer REO properties to me and my other buyers at good price points. I spoke with Lee tonight and had a great conversation with him. I am well aware of your position.
Perhaps we can speak later this week.
I just sent you a PM and then we can set up a time.

I went to quote.com
found a phone number for the bank, called and asked for the product desk. It was pretty easy.

While, had I been intro'd in, I think it would have went a lot easier.

Have you tried?
First Financial Network DebtX,
www.firstfinancialnet.com 405-748-4100

The Debt Exchange
www.debtx.com
617-531-3400

Josh,

Thnaks for that. I appreciate it.

Jeff,

Thanks for your insight and the information. I appreciate that as well.

Progress is work and work I am not a stranger to.

I'm interested in properties in the greater Youngstown Ohio area. I have a few potential buyers who are ready and able to buy if the right property is presented. Please let me know at your earliest convenience.

Thanks,