There are more foreclosures in the United States right now than we have ever experienced before. But smart real estate investors are turning these ‘lemons’ into ‘lemonade’ in an incredibly profitable new way.
The real estate investing strategy du jour is called ‘Bulk REO Investing‘ and is a real monster.
Take a just a minute to consider the basics of this highly profitable business.
To understand Bulk REO investing is to understand the foreclosure process.
As a home owner misses a payment or two, the lender sends the predictable barage of threatening letters and warnings. Following a period of time determined by the lender, formal foreclosure proceedings begin. From that time through public auction is called ‘preforeclosure’.
To complete the foreclosure process, the property is auction to the public. The lender regains ownership of the property if there are no buyers at auction. The designation of ‘REO’ (Real Estate Owned) is then attached to the foreclosed property.
Lenders usually try to unload their REO properties at close to retail price by listing their REO’s with a real estate broker. But more and more, lenders are selling their REO properties for a greatly reduced price. However, the purchase of a ‘package’ (or group) or REO properties is the trade-off for receiving such great prices.
The recession in the United States has yielded huge profits to real estate investors prepared to take advantage. The most successful Bulk REO Investors will have a well-respected source of funding for their transactions. Some sources of funding for these transactions are: personal funds, hard money lenders, commercial lenders and non-conventional sources such as private investors and hedge funds. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Sal Buscemi of Dandrew Capital Partners, a New-York based hedge fund.
Possibly Related Posts
Possibly Related Posts:
- Amway Business Review, Does The Business Still Make Sense?
- Is YourNetBiz A Bad Deal, Is It A Legitimate Internet Business That Can Make Some Serious Cash?
- Top 10 Tips For Increasing One Way Link Building
- Lotto Magic Review, Gambling With The Money Wheel
- Simplify Your MLM Sponsoring: Utilize These 3 Tips
Search :
2) ?Prehab? them ? Get all of the trash out, funky carpets, do a quick cleaning so it is more presentable (You should alwasy do this for a wholesale deal) 3) Wholesale them for a smaller profit but enough to make it worth your while and ... What if you want to specialize in finding the Bulk REO Tape and flipping the Bulk REO tape to another bigger investor? Take a look at the brand new Bulk REO Trading System from Kenny Rushing. Disclosure: This is a commercial message ...