Anyone Can Get Started With Bulk REO's - No Cash, Credit
|Real estate investing in Bulk REO's is accessible to everyone - even to those without cash or credit. Don't let anyone tell you otherwise.|
The Bulk REO Opportunity
Private Equity Funds, Hedge Funds, Real Estate Investment Trusts (R.E.I.T), and high net worth investors are not wasting any time buying distressed properties across America. That is where you come in and can offer your services to fill this need.
Leading economists and investors including Warren Buffett, all agree that this is a good time to buy property.
Today's interest rates are low and homes can be bought at bargain basement prices without cash or credit! People and corporations from other countries are buying up America's real estate like never before. Banks need to sell off their bulging inventory of properties now and YOU could be buying them!
They all just need one knowledgeable middleman to help them avoid the "daisy chain" and jive-talking "joker brokers". The average person can get trained rapidly and become the official point-of-contact for multi-million dollar deals. It's really simple.
How to Make Money with Bulk REO's
I like doing $1 deals with Bulk REO's just as much as I do when buying and selling single REO homes. However, I like doing bulk REO deals more because the profit potentials are much bigger.
The great thing about bulk REO investing is after learning this business; you can successfully close a deal between 3-21 days. On average, each deal is going to be a million dollar deal, and if you get three points, you're going to make $30,000. You can make money per deal if you learn how to work the spread where you increase the price. For example: If the seller needs to net $1 Million and you sell the package for $1.1 Million you make $100,000 instead of $30,000.
To be successful, you'll need to network with real sellers of verifiable product. They take all the risks, and you take none. Also, it's in your best interest to align yourself with a company that will teach you a results-oriented marketing program and then lead you in the right direction
In addition, the bulk REO business is far less competitive than buying single REO homes from REO agents. Most investors don't understand how to make money with Bulk REO's, or they think buying bulk REO packages are too risky.
Make sure you do your research. Take the necessary time to understand the foreclosure process which will help you understand how this weak economy gave rise to your opportunity with Bulk REO's.
Contact other Bulk REO investors, note traders, brokers, hedge funds, and private equity funds to request being put on their email list when they have new product available.
In addition, you may also want to build relationships with banks and credit unions because they are your best resource in finding multiple properties pooled together for resale. Then you can present those properties to buyers to make a fee. One good website to find banks is www.thecommunitybanker.com.
You can take this opportunity as far as your ambition will let you. Create highly visible marketing campaigns and innovative sales techniques that will set you apart from the competition. How effective you are in building your individual brand, will determine your profitability.
Again, this unique niche in the real estate market is accessible to everyone. Investing in Bulk REO's without cash or credit is a great way to make money.
|Kenny Rushing is a remarkable tale of a life turned around. A resident of Tampa, Florida who is an evolving account of transformation that is simply extraordinary. |
Kenny is best known for the moving story of his humble and troubled beginnings, and his phenomenal success as a real estate investor - in spite of the seemingly insurmountable odds he faced. He is a phenomenally successful real estate mogul, civic leader and devoted philanthropist. His company, Rehabbers Superstore, Inc., now grosses millions of dollars per year through real estate transactions and investments.
Kenny Rushing is quickly becoming known for the life transforming impact his uncommon wisdom is having on the lives of those who have benefited from his knowledge, wisdom, training and coaching. His goal over the next five years is to teach 1 million people how to achieve financial independence and flip their life through real estate investing. Kenny Rushing is a living testament that: If KEN Can Do It - So KEN You!
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without the express written permission of the Author and/or REIClub.com.
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