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Updated about 11 years ago on . Most recent reply

REOs
I am just starting out in REI. I have heard of large amounts of non-performing assets on banks books that they would like to get rid of. The story came from a guru who bought a tape of them for $$$$$. Obviously most people don't have access to this kind of capital. Is it possible to buy single REOs from a bank or am I wasting my time hoping they will deal with someone so small time? Thanks for any help. Always looking to network to so add me!