BiggerPockets

Hi Amin,

How close are you to the buyer? You are right there are a lot of people who say they are next to the buyer and they are not.

Amin,

I sent you a client info sheet to fill out and return but haven't heard back from you. Once you are protected for you fee from your buyer, let's get buyer on phone with seller. We can deliver CA REO 1B+.

Stacy

Billion Dollar Deals rarely get done, and only by major institutions. If all you dreamers want to be successful, you will need to forget the craziness of trying to win the "lottery" and work deals you have a realistic chance of completing. Maybe then at least one of you won't have the word "none" after "number of deals completed" on your profile!

Yea good thing I have a real buyer and already closed one out with this guy or I might take what you said seriously. I know the tricks of the trade and who is real and who isnt. Obviously you have never closed a deal that big

Sure I was on a deal a company called REO Capital. they are a huge institution who have brought multiple tapes of this size. I am not going to tell you the seller for personal reasons. The closing was at Chicago Title in CA. There were 4 other IM's on the deal so you do the math on the commision. Its hard to be very specific because I do not want to give up sources. I know there are a lot of skeptical people and it is understanable but thats really not problem, .All i can say is this business is about making contacts and building relationships. And I have spent a year and a half just focusing on just that. There are very few people who can buy at this level and even fewer who can supply the product. So I suggest if you have any further questions that I can ansewer please email me below.

Thanks to all

Nancy:

Well the main problem I am running into is the dishonesty in this business. The people that claim they have product end up not having anything. In the past I have submitted all documents but when it was time for them to call the buyer to proof them up the buyer never got a call.

Then a few days later they claim that the tape is gone. Im no fool, they never had product in the first place.

Another problem Ive ran into is people shopping LOI's.

So now we ask to speak to sellers rep before we even give an LOI to verify product. If they say they will not do this than we know they are full of it.

So I am just looking for people who can get our buyers product.

Please let me know about the source after you complete your research. I have buyers for REO's and NPN's

Thanks

I came across your post on the Bigger Pockets Forum in reference to your buyers seeking California REO Tapes $1B+. Well I have a serious investor client who is direct to several Fannie Mae Asset Managers who give him access to tapes of this size & higher in California. My client is currently seeking investors & joint venture partners to partner with him to take down these tapes and split the profit share. My client has over 20 years of investing & consulting experience. His strategy is to purchase direct from Fannie Mae, then re-sale via a simultaneous closing to his end buyers. My client has a pipeline of high net worth end buyers in place who can proof up and are motivated. I wanted to network with you to see if we have a match and if you had investors that would be open to a joint venture. If so let me know and I can put you in direct contact with my investor client.
I tried to send you an e-mail earlier, but it bounced back with an error message. You can e-mail me at the address in my signature.

Paul

Why are you always so sarcastic?? Most of the posts I read from you are that way. There's a saying if you don't have anything nice to say be quiet. This website is suppose to be to help each other. I wish all of the sarcasim would go away!!

Nancy Dito

Nancy -
I can't speak for Skyler, but I believe the sarcasm is due to the fact that 99% of the wheeling and dealing that happens in the "Bulk REO world" is complete nonsense.

Joshua,

I can understand if people have a problem with some of the posts. I've experienced it as well. However, I will not revert to sarcasim just to put my two cents in. It would be different if he had something to contribute - but just posting what he did was uncalled for. Even constructive criticism is better than what he posted. You say that 99% is wheeling & dealing, so 1% is correct. And maybe I belong to that 1%. My point is, if you want to make a comment do it in a constructive manner and not just to belittle people that you don't even know.

Nancy Dito