All set to purchase Bulk REO? Ready to start making money? How much money can you realistically hope to make? Quite a lot actually. The conditions are so good you are looking at six figures. And making a $100 000 off of bulk REO purchase is as easy as the 1,2 3:
1. Timing.
Now, more than ever, is the right time to purchase Bulk REO! With current economic dip, there is so much Bulk REO to go around that banks are throwing it on the market at 50% of real value. You can realistically expect to make a great investment and flip it for a good profit. Financing is not a problem, the risk is minimal and the money is great.
2. Deals.
There are a lot of great offers out there – and a lot of was to make a great deal! Bulk REO profit depends on what kind of deal you get. In equal parts luck, access and good networking, making a great deal is as easy as being at the right place at the right time. Get access to bulk REO lists. Build good relationships by covering your investments. Mingle. Get your name out there. Network. Ask for professional help. Like in any other business if you want to make a great purchase and sell at a good price you need the right connections. That means going with bank or becoming a Tier 1 buyer. Either way you get to purchase bulk REO:
- Wholesale
- At great discounts
- With maximum sale potential to secondary buyer
Right connections also mean more financing. Leave the stories of million dollar investors to fairytales. Realistic aim is to get few investors in on the deal and make the offer.
3. Commission.
No one works for free and neither should you. Set a good commission! There are three ways to go about it:
- Mandate or Broker
- Cash Buy Approach
- Rent or Sell Approach
Mandate or Broker
The profit on purchased Bulk REO depends on how well you can spread the price. You need to have a clear goal of how much money you expect to get and set your commission accordingly.
What is you commission? One percent? Three percent? More?
What is you commission goal? $10, 000? $50, 000? $100, 000? Yes?
If you purchase Bulk REO for $1 million and sell it at 1 % commission all you get is $10 000, a paltry pickings for the new mover and shaker. At 3% you get a round $30 000 and some regrets. With commission at 10% and $1.1 million sale, voila a nice round $100 000 goes straight to your pocket. Get the picture?
Cash Buy Approach
No banks? No connections? No problem! Work as Tier 1 buyer! Tier 1 is private equity hedge funds, real estate investment trusts, or high net worth investors who can finance bulk REO packages of 100 plus properties
Rent or Sell Approach
After you purchase Bulk REO you have a choice- you can sell it or rent it. Traditional mortgage is a nice way to make money off of purchased Bulk REO.
REO sales offer great opportunities. You can make as much as $100 000 profit when you purchase bulk REO. It all comes down to making the right connections picking a good deal and making a smart sale.
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People don`t just work for money they work for the things that money can buy. Lillie Other
Hi Mychael,
Sorry for the late responce. Yes I do coaching! I have a program right now where I am looking for 7 people to train on reo investing. This is a 3 month training for FREE!
Here’s the catch. I need a real good testimonial for my new program “The REO Financial Freedom System” Plus there is three online training that I record and use for training others.
Send and email to markquestions@bulkreomembers.com or give me a call at my office 314-392-9510
Mark Bradley