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The Tricks and Traps of Buying bank owned REO properties - Part 6
This is the final article of this series on strategies for purchasing the best deals on these bank owned foreclosure properties. There are still a ton of these REO homes for sale in Central Florida and another big wave of foreclosures is on the horizon. In this article, I will discuss strategies on getting your offers accepted.
In Part 5 of this series someone posted a question on the blog about multiple offer situations and not being able to get their strong offer accepted. One thing to always keep in mind is that investing in real estate is all about the numbers. It's a numbers game. Often times I've looked at 100 properties (not physically, but at least quickly on paper or the computer) and narrowed it down to maybe 15 or so and then made offers on all or most of those to get 1-2 properties accepted. Just make enough of the right offers on the right properties and sooner or later something good will happen. How I make those offers is a subject for another day. Enjoy reading ...
The Tricks and Traps of Buying bank owned REO properties - Part 1
The Tricks and Traps of Buying bank owned REO ... more
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