Mortgages & Creative Financing

Advantages of Buying REO Properties – Real Estate Owned Properties –

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written
Many real estate investors focus on buying foreclosures as a means to locate properties with a lot of equity at a discounted price. I wanted to share some information on another strategy – Buying REO Properties. REOs or Real Estate Owned Properties are properties owned by a bank. These properties have gone through the foreclosure [...] View the full article: Advantages of Buying REO Properties – Real Estate Owned Properties – on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Adam
    Replied almost 13 years ago
    I was just writing my Real Estate goal post(better late than never) and had started to put in as one of my goals about buying foreclosures. This gives me another option, thanks.
    Jeff
    Replied almost 13 years ago
    Great post, REO is a great way to find a good deal for rehab projects and banks are easier to deal with than stressed out people who are going through a foreclosure. Another way to find REO’s are to call title companies and ask them what REOs they have been involved with in the past month.
    Joshua Dorkin
    Replied almost 13 years ago
    Thanks Jeff. Great suggestion.
    Dr. Housing Bubble
    Replied almost 13 years ago
    REOs will be a major thing in late 2007 and 2008 in California. With so many speculators buying properties believing that appreciation was forever locked in and mortgaging themselves with suicide loans, we will see many properties coming back to the lending institution or banks. Great to learn this information for cash will be king and some great deals will be found in the next few years.
    Chris Croce
    Replied almost 13 years ago
    i am looking for blocks from 5-10 million every week [email protected]
    Joshua Dorkin
    Replied over 12 years ago
    Well Chris . . . That’s a nice introduction. I guess you just cut right to business. Why should someone deliver such a package to you versus someone else?
    Barry
    Replied over 12 years ago
    I’ve been interested in REO properties for sometime now and I finally decided that it was time to take action. Thanks for the helpful information and inspiring me to get involved.
    David
    Replied over 12 years ago
    I am looking for some guidance. I have a Investor looking to purchase 25 million In bank Oreos in the South Florida region commercial or residential.
    David
    Replied over 12 years ago
    I am looking for some guidance. I have a Investor looking to purchase 25 million In bank Oreos in the South Florida region commercial or residential.
    Mr Low LTV
    Replied almost 12 years ago
    REO DEALS, Builder Blow Outs, Reant To Own, Notes, Wholesale Real estate, Loans, Hard Money, Owner Financing, REO Portfolios.
    Johnnie
    Replied over 11 years ago
    Calling title companies to me is the best way to go when dealing with REO property. And with the housing crisis still in effect, REOs will be on alot of agents radar.
    antonio
    Replied over 11 years ago
    I am in the Detroit market and you can close your eyes and throw a rock and get a great deal now. I rehabed over 40 houses last year and sold them to first time home buyers and other investors but because of the way the market turned this year I have been wholesaling to Investors who want to be landlords.
    Madison Perry
    Replied over 11 years ago
    Hello. I have a question about this article. Will you please shoot me an Email at your convenience. Thank you.
    Mike
    Replied over 11 years ago
    With the fluctuation in the market over the next few years, I think a lot of folks who get wise to this sort of thing will stand to make a lot of money. Watching trends on this sort of stuff right now
    Brian Fiegl
    Replied over 10 years ago
    what is the best strategy to getting a single REO… the ones out in Cali are aggressively priced, and move quickly. Are agents double dipping by getting the seller & buyer commissions? Are there any rules they need to follow (since seller isn’t that interested in getting the highest price)?
    LeJon Ratchford
    Replied almost 10 years ago
    Great Thread!