Working Real Packages Takes Patience

For those who are chasing thier tails...Looking for an answer.....Take heart. 

There are real packages, nice small packages that can be bought. They are not always where you want them.

 They are not always in your back yard.

They do not always look like a package.

They will have some houses that aren't pretty. 

PS.........this is REO, right??? These home were not paid for, sat empty without maintenance, possibly stripped of interior fixtures.

WHat do you think you get for 30 cents on the current BPO......

Imagine that you wanted to buy an entire car lot at one time......Imagine that Car Lot A is all used cars, some ready to go, some not  ......

Now imagine Lot B is all new cars...

 same amount of cars......which would you buy first??? Would you be willing to pay more for the new cars...after all, its a bulk sale right??

We are working with some very nice bulk deals here in Fl, and accross the country as well. Presently we are working for a bank/developer for a beautiful group of brand new houses and models full of upgrades.....Yet, here we have investor groups using comps to establish values of our brand new houses....By using ten year old homes in the surrounding neighborhoods.

Luckily, with patience, we can impress on a real investor that New Homes will certianly have a greater value. But it does take patience to get thru the ones that only want to bid a pre concieved percentage on a per unit price. 

Yes folks, packages are available. But all packages are not created equal.

We also have some packages that are definately "Lot A".....Go figure, there will be work involved in making these all livable and ready to sell to the public again..

Happy Hunting

Mike Norvell Sr