Some of you will think that acquiring properties through bulk REO listings can't be that profitable since the banks are in such a rush to get rid of them.
2. Bulk REO listings are now a lot more accessible than
they were a few years back. They represent an
amazing way of investing in real estate, as there is
little risk and a tremendous opportunity for profit.
The properties included in such listings are usually
owned by a bank or another type of lender. Once the
lender has failed to sell the property at a foreclosure
auction, it will become a REO property.
3. One of the things that make these properties so
appealing is that an investor can get them well below
market prices. The bank will always want to get rid of
these properties as soon as possible, and that
represents an investor's chance to make a fortune.
4. Advantages of bulk REO listings
Purchasing properties and how to get reo listings has
more advantages than what I just mentioned. Sure,
the fact that the risks are minimal and the prices low
may be enough for many investors, but let's take a
look at the other reasons why one should invest in
bulk REO properties. The first thing you need to
know is that the competition is much lower for these
listings. Surprisingly enough, there are many out
there who still don't know how REO investing works
and therefore choose to avoid it.
5. Another very important advantage is that the banks will
often take care of any repairs that the properties
might need. After all, they want to sell as fast as
possible so they will use whatever means they have to
lure you in. On the same note, the banks will also evict
any inhabitants that might live unlawfully on the
property. These two things will save you a lot of
hassle and money. You will always be able to inspect
the properties before you invest in them and make
sure they fit your demands. What is more, bulk REO
listings are NOT auctions. You will not need to try to
win the property.
6. How to find bulk REO listings
One of the most interesting things about this type of
investment is that you can find listings practically
anywhere, including the internet. This is interesting
because even though availability and visibility is not a
concern, there are still so many real estate investors
out there who choose to ignore these listings.
Furthermore, you can always contact a bank and ask about
any listings. If none is available at the moment (the
chances for that are infinitesimal) you can ask the bank
manager to keep you updated if some opportunity does
appear.
7. Some of you will think that acquiring properties through
bulk REO listings can't be that profitable since the
banks are in such a rush to get rid of them. Well,
what you need to understand is that the banks can't
afford the upkeep on all these properties and the
more they keep them, the more money they lose. This
is why bulk REO listings represent such an amazing
opportunity for investment.