Wholesaler · Atlanta, GA · Member since 2009 · 44 posts · 2 votes
Hello fellow real estate investors, I am a beginning investor and I am seeking to network with investors all over to learn how to be successful with real estate investing. I am currently working on doing short sales, bulk reos and wholesaling properties. This site is great for meeting like minded and similiar strategies to make excellent deals no matter what type of investing.
Thanks for creating such a good resource for a new person to feel welcome.
Keith -
Welcome to the site and thanks for the intro. While I think your pursuit of short sales and wholesaling is a great idea, I'm not sure what inspired a desire to do "bulk REOs," but I must tell you that you're going to be in for some real disappointment if that is your path.
I encourage you to read the Bulk forum and see how many people are wasting their time there. I can assure you that a much better use of your time would be to learn about and engage in other strategies. Bulk REO is something that snake oil salesmen are peddling for profits to people who don't understand how the world works . . . newbie investors don't just broker mega million or billion dollar deals.
Thanks for the time and I hope you find the site to be useful for your needs.
Keith -
Welcome to the site and thanks for the intro. While I think your pursuit of short sales and wholesaling is a great idea, I'm not sure what inspired a desire to do "bulk REOs," but I must tell you that you're going to be in for some real disappointment if that is your path.
I encourage you to read the Bulk forum and see how many people are wasting their time there. I can assure you that a much better use of your time would be to learn about and engage in other strategies. Bulk REO is something that snake oil salesmen are peddling for profits to people who don't understand how the world works . . . newbie investors don't just broker mega million or billion dollar deals.
Thanks for the time and I hope you find the site to be useful for your needs.
Thanks for the reply, I am definitely spending my time short selling and wholesaling properties, the bulk reo buying and selling is something a long time friend introduced me to. I have been able to close one deal after being involved for two months.
I'm sure many people would be interested in hearing about this deal. How many properties in how many states? What was the total value of the properties? What was your involvement?
The deal break down is as follows;
69 properties in CA,FL,IL,MI,SC,TN,VA
Total package price $3m. My involvement was bringing the buyer and seller together to make the deal.
Wow Keith,
That was a great accomplishment. As Josh mentioned there has been nothing but disappointing stories when it comes to bulk REOs. But you made it happen. I live in Atlanta maybe we can network and make some deals happen together.
Also Welcome to BP its an awesome site with some truly awesome people.
Yes there are alot of people it seems that are not genuine. It is odd that when you show the buyer product then they don't want to provide any info to verify that they can close and they seem to be worried about protecting their source. I am in business to sell bulk reos. There would be easier ways to get buyers information if that was my goal.