How To Get Started As A Bulk REO Investor
Written by ama on June 29th, 2009 in Uncategorized.
Bulk REO Investing Training Video
The Rise Of The Bulk REO Concept
The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. But challenge always gives rise to opportunity, and opportunistic real estate investors are rising to the challenge.
That opportunity is called Bulk REO Investing, and the potential is huge. Take a just a minute to consider the basics of this highly profitable business.
When a home owner begins to miss payments on their mortgage, the lender begins to send late/overdue notices to the home owner. The lender directs the subsequent timing of the actual foreclosure proceedings. Between the formal beginning of the foreclosure process and the public auction is the ‘preforeclosure’ period.
The defaulted property is ultimately auctioned, thus completing the foreclosure process. If there are no buyers at the foreclosure auction, the lender regains title to the property. The lender then categorizes the property as ‘Real Estate Owned’ - or ‘REO’ for short.
Local real estate agents are usually used to resale REO properties at retail price to the general public. 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.
Qualified real estate investors are increasingly finding once-in-a-lifetime opportunities in these REO packages. 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 Salvatore 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:
- All About Being 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...
- Getting Started As A Bulk REO Investor With more foreclosures now than ever before, America’s weak...
- Getting Started As A Bulk REO Investor With more foreclosures now than ever before, America’s weak...
- Getting Started 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.