Bulk REO

[Charles Hwang]

How many post do I need to access BULK REO Forums?

[Douglas Christian]

Jason You are right and you are wrong. What has happened on Networking sites like this as I have spoken before. 3 yrs ago Many of you would not have given a site like this a second thought now you have BANKERS, CEO's, REALTORS, SCHOOL TEACHERS, LAWYERS and a host of others that are trying to TAP into the WHOLESALE world and DO NOT HAVE A CLUE other than reading a couple of books and taking info from sites like this.

I DEAL in the BULK REO world and I can say I have run across many FAKES or people passing around OLD TAPES or TAPES that were SOLD 10 days ago and just because they just got it they did not VERIFY where and who it came from.

Well anyone who wants to see how I operate and I have been caught up in that trap of who has real product and who doesn't. That is why I am responding to you because out of respect I could name alot of people from this site that are FAKE, but I am here just to offer a little insite every now and again.

[REMOVED]

Someone said it best in the earlier post in the thread. Everyone that I have seen when they get what the perceive to be a BIG PAYDAY they go CRAZY. They start counting the money before they even verify the information or tape and make sure that they have a ACTUAL BUYER AND SELLER. Then you put the reps on the phone and everyone begins the FARSE how many people so they begin counting money. If it is about your BUYER then if you had no money yesterday and can make 5k or 10k today wouldn't that make a GREAT PAYDAY? But as said before everyone wants the 200k-500k payday and GUESS WHAT? No one gets anything. That is what's so amazing to me that because of CREED and INEXPERIENCE you let a PAYDAY slip through your hands as oppose to making something.

Well I should be closing a smaller package about 42 AZ homes this week. I will let you know how the transaction is going. So far so good contract was signed Friday and 4 days to do due diligence. The difference is this was a actual AZ contract done by a REAL ESTATE AGENT. Not bid and wait. This was sign and move forward.

Lets be real we all need money, but how much money to we really need. If you need more money then you have a problem that real estate will never CURE. I guess I am just old school. Buy and Hold and make my monthly check and anything else that comes in is GRAVY.


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