Mortgage Update - Archives February, 2012

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Home : Blogs : Paul Luykx : Mortgage Update : Archives February, 2012

REO investments with limited hands-on involvement - 02/28/12 10:06 AM

REO InvestmentsNobody knows when real estate markets will rebound, but many people are looking to invest. The best opportunities are foreclosures and short sales. Banks own these properties but don’t want to lend money for buyers to take them off the banks hands. These are called "REO" properties, are often in need of repair, and can be purchased for 20-50 cents on the dollar.The next question is how to execute the project profitably. REO projects have inherent operational risks and hassles. Have you ever watched a rehab show on TV? Everything always takes longer and costs more than planned for, and the … (0 comments)

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Paul Luykx

Jersey City, NJ

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