| The current economy in the US has generated more | | | | business if you want to get involved in it. |
| foreclosed property than any other time in history. | | | | However, It is not impossible for beginners to break |
| Real Estate Investors however, are known for | | | | into. After all, everyone needs start somewhere. You |
| turning lemons into lemonade. Investors are finding | | | | will find many people who claim they have lists of |
| huge profits in dealing with these distressed assets | | | | property when if fact they do not. This is because |
| direct from the banks. This new opportunity is called | | | | they sometimes get the notion that by saying they |
| Bulk REO investments. | | | | have a 'list' will get them in touch with big time |
| Bulk REOs investing is when a bank will put together | | | | investors. In essence, the 'list' is their only bait to |
| a package of distressed or foreclosured assets | | | | attract investors.This will back fire on you very |
| together in a "package" and sell them off in BULK. | | | | quickly and get you blacklisted in the industry. |
| This allows them to get these distressed assets off | | | | A legitimate deal, however, is a win-win situation. An |
| their books quicker and clean their books. The bank | | | | investor who has concrete relationship with the selling |
| will take a bigger discount to sell the package so the | | | | bank with a true bulk REO list, equals a very good |
| can get back to their main business of lending. Selling | | | | and profitable deal in front of them. |
| their "asset pool" in this manner, actually work out | | | | Middlemen who act between these the buyer and |
| better for both the bank and the investor. There is a | | | | selling parties may just make a very sizable income. |
| huge opportunity for making unlimited profit if you | | | | Hundred of thousands of dollars can become his |
| know how! | | | | commission just by being at the right place at the |
| Understanding what this business entails will give you | | | | right time, and knowing the right information. |
| a new opportunity to create wealth for the savvy | | | | Remember that if you are a newbie, if you are just |
| real estate investor. Knowing the ins and outs of | | | | trying to break into the "game", you might be getting |
| REO investing may make this your biggest year yet. | | | | involved in a "daisy chain". |
| Banks are the institutions which can provide you with | | | | Daisy chains are a chain of people claiming they have |
| a list of properties in bulk which has a very low resale | | | | direct access to a 'list' of property for sale as long as |
| value. This means that you will be able to purchase | | | | you have the finances available. However, it turns out |
| ten different buildings or structures for the price of | | | | they don't have the list at all. |
| two or there. This is an investor's dream. The only | | | | In other words, they want a 'cut' of the bulk REO |
| problem is that it takes a few skills to actually be | | | | sale and are hoping to put you together with the |
| able to get near enough the right people in charge in | | | | people up the ladder. The only trouble is, there are a |
| order to be involved in a deal like this. This is because | | | | line of people that are lining up around the list, and it |
| bankers and financers as well as the head honchos in | | | | is unlikely a deal can be made this way. |
| the business of bulk REO are surrounded by big time | | | | My advice is to stay away from daisy chains, get |
| investors. Bulk REO's give investors the opportunity | | | | yourself some education on how this business works, |
| for vast acquisitions at low cost. For this reason, this | | | | and find your own tapes. Buyer will be lining up at |
| is not a you must know the in and outs of the | | | | your door for real deals. |