Residential Real Estate Agent · Scottsdale, AZ · Member since 2008 · 72 posts · 0 votes
Good evening all,
I am new to this forum. I have happened upon this community and it strikes me as a great forum for exchange of ideas and experiences. I look forward to talking with you all.
I work with various investors, sifting through the overwhelming bs of bogus packages and sources to locate Bulk REO Sources. Gotta love it.
Well, that's all for now thank you
Like most realtors I started in that traditional residential market but with the cool down I changed gears to investor market.
I have worked with historic and traditional reo and short sales, being a part of an investment brokerage with a large network of investors approximately 65+ K we have been up to date with market demand.
Over the last eight months, Bulk REO's have become in high demand and some of my colleagues and myself switched towards working in that market.
The problem that I come across time and time again is misrepresentation, false packages and unfulfilled performance that unfortunately causes loss of clients.
Any advice in terms of finding concrete contacts that are close to the sell side and how to disqualify pretenders right off the bat?
Also, I had a question regarding being paid as a consultant on these REO Packages. Being a realtor but being paid as a consultant do I still have to be paid by the brokerage or can escrow cut a check directly to me?
Thank you for any insight you may be able to provide.
Hey Bart - thanks for telling us more about yourself. If you'd like more answers to your Bulk REO questions, again, please post them in the Bulk forum, not here.
Hi Bart! I am new too! I joined this site for the same reasons as you did. I am tired of the BS and I am looking for REAL buyers.
I am a Real Estate Broker in Las Vegas, NV and I got involved with the whole REO circus as a favor to one of my seller's. After I sold his portfolio, the flood gates opened and my challange has been finding quality buyers.
Welcome and I wish us both success with this site!