Blog About Circleville & Pickaway County

I wanted to update this forum and update all the readers as to all the wonderful things I’ve read about bulk REO Sales.

I was somewhat incorrect in stating that no bulk REO sales take place, as from my research since the last post, I’ve found about 10-15 deals that have closed. All have been smaller packages in the 1m to 25m range, with one being a package with a purchase of dozens of REO properties in metro Detroit for $62k (With a market value in the 2 million range, talk about a deal!).

Anyways, In addition to finding out all this WONDERFUL information I’ve also been contacted by plenty of people that didn’t know what they were doing, and have absolutely no hopes of ever accomplishing bulk REO deals.

So, Having said that, I do have TWO Bulk REO seller brokers that do have legitimate deals, and can close them/have closed them.

Heck, I’m involved in a package deal right now, and everything is good.

So…..If you would like to be set up with one of the fabulous bulk REO Sources , I’ll need this information from you :

• Are you principals or agents in this space?
• What is your capital structure? Hedge fund, LLC, Subsidiary?
• Will you be using a warehouse line or straight equity in your expected REO transactions?

• What equity capital is “in position” today? What warehouse/financing is “lined up”
today?

• Have you done a transaction before? If YES, what law firm did you use?

• How many people in your company?

• What was your company doing last year?

• When and how did you raise your equity funds? Reg D offering 504, 506?

• How long have you been in this type of business?

• What title firm branch did you use? Name?

• Who is your accounting firm?

• What state are you incorporated in

• Who is the person in your organization with the most experience in this space?
What’s their experience?

• What is your stated investment strategy?

• Does the management of the firm also control the investment decisions?

• Elaborate on your exit strategies?

• Is there anything that we should know about your firm?

If you can answer those questions, I can then put you in touch with a legitimate seller.

Don’t want me in the daisy chain? I do have flat fee for their contact information.