Where has the time gone? November and December have been busy months and we haven’t had much time to update our blog. I wanted to take a minute to update you on the latest opportunities and some changes to our Custom Bulk program.
We currently have access to low priced national product on an ongoing basis. The properties are priced under $4k per door. Send us your requests & we will let you know what we have.
Our custom bulk packages has been a huge success. However, I’m sad to report that we have had to increase our minimum package size from $1M to $10M.
Veteran users of our site may have noticed we recently changed the overall theme of the site. We would like your input. Please take a moment to complete the survey on the right hand side of the screen and let us know if you like the old template or the new one.
I was performing some google searches this morning to see how BUYBULKREOsNOW ranks when searching common terms and I was amazed to find out that we are number 1 in many search terms. Here is a breakdown for those interested:
Bulk Reo Packages – Number 1 out of 3 Million!!
Buy Bulk Reos – Number 1 out of 75,100
Buy Bulk Reo – Number 3 out of 65,000
Bulk Reo – Number 16 out of 520,000
Bulk Reo Tapes – Number 10 out of 1.9 Million
Buy Bulk REO – Number 12 out of 65,000
We at Sunrise Property Group are proud to announce
the rollout of our new opportunity for buyers to customize
Bulk REO Packages.
Orders can be national or specific to the county level.
Product is pulled exclusively for your review from inventory
at major banks and hedge funds. Minimum order size is $1M.
LOI can be general or specific, the more specific you are the more
likely you are to receive the product you are looking for.
Please review our buyer application for more information.
Due to overwhelming demand we now have the ability to accept custom orders. Within the next week we plan on sending our subscribers a buyer’s questionnaire that will allow you to submit requests for certain geographic regions or certain states.
Keep in mind that the pricing for custom requests is not as low as bulk bind pricing, but you will be able to purchase in just the regions or states that you like.
Make sure you sign up for our newsletter so you can become part of this exciting new program!
We have two ways for you to keep up with us on facebook!
You can join our group: Buy Bulk REOs Now
or
You can become a Fan: Buy Bulk REOs Now
Help us become the premier site on Facebook for information on Bulk REO Properties.
These are NOT the typical low-end, trash properties everyone
else is selling that you’ll never be able to re-sell or rent out.
- Properties are located in stable, middle class neighborhoods
- Already rehabbed with tenants in place
- Tenants with 2-year lease with option to purchase
- Financing available
This is an unbelievable opportunity to do NOTHING and generate cash flow!
Here is an example of the last deal we closed:
| Purchase Price | $78,000.00 |
| Closing Costs: | $1500.00 |
| Total Cost: | $79,500.00 |
| Monthly Figures: | |
| Rental Income | $1095.00 |
| Taxes & Insurance | -$200.00 |
| Property MGMT Fee (8%) | -$88.00 |
| NET Cashflow | $807.00 |
| Annual Cashflow | $9,684.00 |
| Cap Rate | 12.2% |
- Current inventory is located in Memphis, TN.
- Investment is completely hands-off
- Property Management in place to deal with all tenant issues
Limited Supply Serious buyers only!
or
Call my partner Scott at 813-283-8096
I mentioned before that I am committed to providing information on transacting bulk REOs to make this a more fruitful business for all and to reduce all the rampant BS that is going on.
I promised my good friend Dan at MagicBullets.com that I would write 10 pages on the bulk REO business by Feb 1 and my time is running out!
I already have a good list of topics, but now I want to know…
WHAT WOULD YOU LIKE TO KNOW??
I get calls nearly everyday from people starting out in the business that have a ton of questions and I want yours too!
Give me your ideas by leaving a comment to this post.
Simply scroll down to the end and enter your information where is says, “Leave a Reply”.
If you don’t see that section, click on the title of this post first.
I look forward to hearing your ideas and I’ll be sure to post a copy of the ebook for you when it comes out!
To your success,
Abdul
I just wanted to post a quick update:
- BuyBulkREOsNow.com -Will be growing to provide REO news and information as well as offering bulk portfolios for sale.
- Registered Buyer’s List -Due to the overwhelming success of our site we are implementing an exclusive Registered Buyers List for direct buyers and direct buyer agents. We will be emailing our latest product to this list BEFORE posting them on the site. More details to follow, but I will tell you it’s going to require a hard proof of funds and supporting documentation. If you’ve purchased from us before- no worries, you’re already on the list.
- Affiliate program -Our beta affiliate program was a hit! We will be rolling out the next iteration of the program very soon, so stay tuned. If you are unfamiliar with our affiliate program, click here to read more.
Product update:
- We have acquired three new lists with a fourth on the way. They will be emailed out to our Registered Buyer’s List first, and then posted to the site 24 hours later.
- Our 181 list is no longer available. All of our posted bulk REO lists have been sold at this time.
- Four of our Tampa shortsales have bank approval and are ready to go- see below:
| Address |
Desc |
Zestimate | Sale Price |
| 2433 N Ramona Ave, Tampa 33612 | 3/2 Block 1206 SF | $120,500 | $82,000 |
| 2740 Birdland Ct, Land O Lakes 34639 |
3/2 Block 1565 SF |
$175,000 |
$124,900 |
| 2325 E 112th Avenue 33612 |
3/2 Block 1564 SF In ground Pool |
$148,500 |
$79,000 |
| 3008 N 73rd Ave 33619 |
3/2 Block 1188 SF |
$127,500 |
$77,000 |
*If you’re interested in any of these, submit a Florida FARBAR AS-IS contract with $1000 non-refundable deposit.
These won’t last long, so don’t delay.
I wish you wealth and prosperity in 2009!