bulk reo: Three Mistakes of Bulk REO Investing
- 06/19/10 07:19 AM
The following are just 3 of the top mistakes made by new investors in this niche. This is the main reason why I encourage seeking the right training, preferably with a mentor who is currently successful and active in the business. Mistake 1 Not Recognizing "Daisy Chains" Unfortunately in this business you will encounter a collection of never ending daisy chains of "brokers" and self proclaimed "mandates" constantly misrepresenting product they do not control nor have the proper authorization to advertise or sell. Only through training and experience will you be able to recognize these clowns of the business within … (0 comments)
bulk reo: Bulk REO and Non Performing Note Investing
- 05/31/10 10:51 AM
As you read this article history is being made across the United States, as the foreclosure market reaches an all-time high, even higher than the great depression! It's no secret that Bulk REO investing has become big business and all levels of investors are looking for a way to participate. In this article we will discuss the difference between an REO (real estate owned) and NPN (non performing note), plus how you can profit from both as an investor.
Let's start with the fabled REO...
An REO (real estate owned) is simply a property that has gone through the … (4 comments)
bulk reo: How to Effectively Buy and Sell Bank Bulk REO and NPN
- 05/01/10 01:48 PM
If you have been waiting on the sidelines to participate in Bulk REO investing. If you have been waiting for that “dream bank package” within driving distance from your home and keep procrastinating to take action. If you have “paralysis of analysis” and are overwhelmed about investing into property you have never seen… read on…Don’t you just find it amazing how some people still claim they have a buyer to take down a billion dollar Bulk REO tape and that they need to close fast. Are these people taking some type of medication that clouds their sense of reasoning? Do you … (1 comments)
bulk reo: 6 Quick Tips on How to Spot “Joker Brokers” in the Bulk REO Market
- 04/25/10 03:12 AM
By now you have probably heard of the “mythical” Bulk REO Investing Market. Before we go any further, permit me to dedicate just a few lines to explain Bulk REO for the sake of those readers who are not yet familiar with this term. The term REO refers to Real Estate property that has gone through the foreclosure process and the bank had to buy it back due to a lack of sale at the public auction. Gone are the days when investors used to fight each other over at the court steps searching for that bargain deal on an investment … (3 comments)
bulk reo: How to Invest In BULK REO TAPES
- 04/14/10 02:30 AM
It is not as hard as the "gurus" would have you believe. If you've been following the news and latest investing trends, then you are aware of the most profitable opportunity ever in real estate. I am referring of course to bulk reo investing. Never mind foreclosures and "short sale" investing, all you will accomplish at best is picking up the property slightly below current market value.
Bulk REO begins when the homeowners falls behind in their mortgage payments, then the long and grueling process of foreclosure begins. This can take anywhere from 3 to 9 months or more, depending on … (17 comments)
The following are just 3 of the top mistakes made by new investors in this niche. This is the main reason why I encourage seeking the right training, preferably with a mentor who is currently successful and active in the business.
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