Bulk REO $1,000,000 Deals
Watch this video and find out how to make over $1,000,000 in equity in just one bulk reo deal!
Find out how you can start making huge money on your bulk reo deals.
One of the reasons the real estate market is so bad is it can take up to 1 year to close a short sale deal. That is why you need to be making bulk reo deals instead. You may recall from my last video, there are 5 step s you must complete to close just one short sale deal.
Your probably a lot like me your wondering what to do now in this real estate market. I was too. I tried to make money with shortsales and foreclosures. But I found out that we needed to complete this five steps to get just one short sale done.
Each of these steps is hard because there are about a gazillion steps to each of these 5 steps. Remember, you must complete each step or
you don’t make any money.
Step 1 You must find people who have the type of property you want to invest in, who are in foreclosure. This means you need to learn marketing from door to door, cold calling homeowners in distress, direct mail, pay per click, flyers, networking and the list goes on. You must get good at marketing and this takes time, money, and expertise. Picture Sherlock Holmes with his magnifying glass tiring to fine the right criminal. Searching like a needle in a haystack for the right person with the right property. This is the first step in investing in short sales. If you fail here everything else is secondary. Meaning no money for you.
Step 2 They must respond to you and not a competitor. You must be the one! The one they trust out and above all the other short sale investors who went to a seminar and bought a foreclosure course. You must cut through the clutter and get the right message to make this work. If they don’t respond you’ve got nothing. Get tripped up here and no money in your checking account.
Step 3 They must be down with working with you. The ball is in their court. They must work with you for the long run and not bail on you. One of 100 things can go wrong here. They may finely get a job, they may re negotiate the loan, a competitor may come along that they like better than you. Nothing is guaranteed even if the home owner has agreed to work with you. All you have is the limited ability to work on as many deals as humanly possible to increase your odds of finding “The One” If “The One” flakes here all your time, money, and effort is wasted. Strike three, you must start over from step one.
Step 4 The bank, lender, creditors, and other lien holders must work with you. You must get this cooperation for the duration of the short sale process. They are getting shafted! These people are less than thrilled. They will be losing money on their own bad deals with the home owner. Once you get the 2nd lien holders to settle you must pay a lawyer to make sure all the satisfaction of liens are recorded properly at the court house. “Imagine putting in all this work just to have one pain in the rear creditor who wants a full payoff on their bad loan.” So many deals get killed at this step. Much pain and no gain if you get knocked down on step 4.
Step 5 Congratulations if you are persistent and good enough to reach the step. But you’re not out of the woods yet because the distressed homeowners are emotional frozen.
Like a deer in the headlights and a cornered animal they are Unpredictable. Plus, they may file bankruptcy which can add 6 months to 1 year to the foreclosure process. Or the distraught homeowner do a deed in lieu of foreclosure and just turn the keys in and split.
Regardless, you must 
successfully complete each if these 5 major steps to close one short sale deal.
That’s just one deal. Even if you get real good at short sales think of all the road blocks, obstacles, pitfalls and problems you have to overcome for one darn deal? This is the end of The 2nd Video in this series.
Look for my next video on How I finally gave up on the short sale business and started a multi-million dollar Bulk REO Real Estate Business. If you like this video please leave a comment. Those 5 steps were a huge stumpling block to me and is what got me started making bulk reo deals.
What Ever You Do Don’t Get Stuck In The Dead End Short Sale Process
How would you like to bypass all of the hassle of the 5 steps above and begin making bulk reo deals for yourself?
► How would you like to discover how to make bulk reo deals and buy one property or 100 properties in bulk at deep, deep, deep discounts? ► Furthermore you would be dealing with a seller that is non-emotional
►Deal with a seller that is more than willing to take care of all the liens on the property and deliver it to you with a clear title.
► This seller wants you to take the property a fraction of what its market value is. And they are happy to work with you.
► Even more important they will sell you hundreds of these discounted free and clear properties in bulk at further discounts.
Sound good so far? Now how would you like dozens of these REO sellers calling you each week dying for you to take their “jumbo-pile” of bank owned properties off their hands? Plus, do this with little or no money down, and repeat over and over again.
I have developed a cutting edge program, short cuts and secrets that I use myself everyday in my real estate business, which will let you buy 1 foreclosed property or 100. At DEEP, DEEP, DEEP, Discounts.
Find out more in my bulk insiders secret insider report 50 pages and a $99 value get it by entering in the form at the top right.