We have a few bids in now and there is plenty of room for more!
This is a fantastic opportunity to NAME YOUR OWN PRICE on an REO portfolio. The feedback has been overwhelmingly positive.
I had a discussion just today on how to get a return on these and I thought I’d share it with you.
Every investor has areas that they are more familiar with and know like the back of their hand- making money there is easy. Could you not sell properties under market value in your home town in a flash? OF COURSE YOU CAN!
Chances are you probably won’t do that, since in your home town, you should have all the resources to maximize your return with some long-term strategies like rehabbing, renting, lease options, seller financing, etc..
So what about the homes in the areas I’m not familiar with? Easy.. Group them together and market them to local people on the net. There are several resources for this: rehablist.com, Yahoo groups, ebay, and Postlets.com just to name a few..
Here’s another idea- find local investors to market them with a Flex Option contract. This gives them the legal right to sell / market your properties while you simultaneously market them yourself.
So you’re in LA and a rehabber wants to rehab two of your houses in Detroit but needs financing.. beautiful.. it’s called CONTRACT FOR DEED! Who wouldn’t take that deal for $300/month? Worst case you keep the down payment, take back a semi rehabbed house, and do it all over again.
There are unlimited opportunities in this unprecedented flood of foreclosures / REOs- focus on your desired outcome and the answers will find you.
Name your price and get your bid in or else someone is going to steal them for PEANUTS! CLICK HERE
I must say that I really like this idea, it is very fresh. I think this could be a great way to get a steal on these properties. I like the properties in this list and I noticed that these are fairly new. Most of the lists I have seen have been around for a long time.