Bulk REO Investing Training Video
The Rise Of The Bulk REO Industry
The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. But smart real estate investors are turning these ‘lemons’ into ‘lemonade’ in an incredibly profitable new way.
That opportunity is called Bulk REO Investing, and the potential is huge. Foreclosures are at the heart of the Bulk REO business, so let’s consider the foreclosure process.
When a home owner begins to miss payments on their mortgage, the lender begins to send late/overdue notices to the home owner. The formal process of foreclosure begins at the lender’s discretion. The ‘pre-foreclosure’ time starts with filing of foreclosure paperwork and concludes at public auction.
The defaulted property is ultimately auctioned, thus completing the foreclosure process. Ownership of the property is returned to the lender if the property is not sold 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 as a consequence of the weak economy, lenders are frequently selling their REO properties far below their actual value. But the price of receiving such great pricing is the need to purchase multiple REO properties (a ‘package’) rather than individual properties.
There is huge profit potential in these REO packages for qualified real estate investors. 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.
Note – One of the nation’s leading experts on bulk reo investing is hedge fund manager Sal Buscemi. Salvatore Buscemi recognized the irrationality of the real estate boom of the late 1990′s and early 2000′s and capitalized on this by forming his very well-regarded hedge fund, Dandrew Capital Partners.
Related posts:
- How To Get Started As A Bulk REO Investor Bulk REO Investing Training Video The Rise Of The...
- How To Get Started As A Bulk REO Investor No generation in American history has ever experienced the number...
- How To Be A Bulk REO Investor The recession in the U.S. economy has resulted in...
- Getting Starting With Bulk REO Investments Bulk REO Investing Training The Rise Of The Bulk...
- Simple Steps To Success As A Bulk REO Investor With more foreclosures now than ever before, America’s weak...
Related posts brought to you by Yet Another Related Posts Plugin.