Bulk REO Investing 101 For Beginners
The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. However, opportunistic real estate investment professionals are turning the recession into great profits with a bit of creativity.
The new opportunity is known as ‘Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.
Take a just a minute to consider the basics of this highly profitable business.
Understanding of the foreclosure process is central to understanding Bulk REO investing.
As a home owner misses a payment or two, the lender sends the predictable barage of threatening letters and warnings. The lender directs the subsequent timing of the actual foreclosure proceedings. The ‘pre-foreclosure’ time starts with filing of foreclosure paperwork and concludes at public auction.
When a defaulted property is placed up for auction, the foreclosure process is completed. If there are no buyers at the foreclosure auction, the lender regains title to the property. The designation of ‘REO’ (Real Estate Owned) is then attached to the foreclosed property.
Typically, lenders list their REO properties with local real estate agents in hopes of selling the property to a retail buyer who will pay full price. However, lenders are increasingly willing to take much less than their REO asset is actually worth. This happens because the buyer of the REO is required to purchase multiple REO’s in a single transaction.
The recession in the United States has yielded huge profits to real estate investors prepared to take advantage. The most successful Bulk REO Investors will have a well-respected source of funding for their transactions. There are many sources of funding for these transasactions including: hard money and commercial financing, as well as non conventional sources such as hedge funds and private investors. One excellent source of funding for Bulk REO Investment transactions can be found here: Bulk REO Investment Training.
Bulk REO Investing 101 | Creative Real Estate Investing
No generation in American history has ever experienced the number of foreclosures and defaulted mortgages as is happening now. But challenge always gives rise.
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The recession in the US economy has resulted in more foreclosures than experienced by any other generation of Americans. However, opportunistic real estate.
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The term real estate investing likely brings a number of things to mind. You may think of real estate investing as real estate portfolios and real estate retirement plans, or you might focus on short sales, b fef ulk reo investing
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With more foreclosures now than ever before, America’s weak real estate market seems to set new dismal records each month.
Yet as always, this challenge has given rise to a huge new opportunity for alert real estate investors. This new opportunity – known as ‘Bulk REO Investing’ – is so huge it’s captured attention from wealthy investors fef
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