With all the bank reo property that banks are trying to unload these days, there are ways to position your marketing and investing to pick them up in BULK.
That could mean picking up 2-5 Bank REOs in a package deal…
Or it could mean 5-25 houses or more.
It just depends on the lender and the relationship you have with them.
Generally speaking, as a smaller investor I’m not suggesting you go to Bank of America trying to get them to sell you bulk reo packages.
However it’s important to realize that not all lenders are created equally…
In other words there are lenders that fit into different niches. B of A would be a large lender obviously.
But what about the small to middle sized lenders.
These would be more local and regional lenders.
Picture an office with a smaller staff. You have a manager that oversees activities such as clerical, generating new loans and customers, and collections.
COLLECTIONS…
In this economy you KNOW this is where a lot of attention is spent for these smaller lenders.
People who stop making their loan payments which produces a non-performing loan greatly affects lenders of this size.
Nowadays this is a real challenge for lenders.
When they have loans go bad and are forced to take back the properties that secured them, they have to get rid of those properties quickly to clean up their books.
By contacting these types of lenders, you can start to build relationships in hopes you can be a source of help to them to solve these types of problems they’re currently having.
By creating a buyers list in advance, you can come loaded with a potential exit strategy for the properties you’re able to pick up from these lenders.
You can also ask those lenders if they’re interested in getting rid of their reos in package deals…bulk reo packages.
This can help them clear their books of these properties faster and also give you a chance to negotiate a better overall purchase price.
You might have them throw in a small percentage of their undersirable properties to show them you’re REALLY here to help them out.
Create a junk property buyers list to flip these types of properties to fast. Even if you break even on those homes it’s okay if you’re structuring a deal to pick up the other more desirable properties at good bargains you know your other buyers list will want to pay more for.
What about picking up “non-performing” loans BEFORE they’re REO’s?
If these same lenders are frustrated with debters who aren’t making their payments, ask if they’d be interested in selling the notes of these non-performing loans at a discount.
Before you do this create a list of note buyers and find out what their buying criteria is.
Then structure these purchases to have enough of a discount in them for you to be able to sell the notes at a profit.
Or you could take control of these notes and start the foreclosure process to pick up these properties yourself.
By suggesting all these things to smaller lenders, you’re able to maximize the relationships you create to be able to buy individual bank reos, bulk reos, or discounted notes.
You’re creating VALUE for them in your services so you become the person they think of when they have problems they need a solution for.
Click Here for more ways to pick up Bank REOs and Bulk REOs.
Make Good Things Happen…
Mark~
Take Advantage of Our Exclusive Trainings Below…
Health care is high-priced, and sometimes families cannot afford the medicaments they need. It isn’t arduous for Americans to buy medicaments online. How can you do this? Typically, both men and women are afflicted by sexual dysfunctions. Our article focuses on http://sildenafil-generic.biz/does-generic-viagra-work.html. Do you plan to search for remedies, like Viagra, online? Typically, when men talk about erectile disfunction, they think does generic viagra work. Matters, like generic viagra, are linked numerous types of medical problems. There are more than 200 common drugs can cause erectile disfunction, including many blood pressure medicines, hurt remedies, and most of antidepressants. Follow the all directions on your prescription label.
