subject: Are You Ready To Invest In Large Inventory Of Bulk Reo Properties? [print this page] Bulk REO has an edge over single REO purchase in terms of convenience and profitability. According to Kenny Rushing, one of the leading REO investors, you can take advantage of less competition existing in bulk REO investing than in single REO investing. The US real estate market has suddenly seen a rise in the REO properties but very less investors are aware of these exciting opportunities.
Going further, there are many ways in which you can make profit by investing in bulk REO properties. Here are two such ways suggested by Kenny Rushing:
The first way is to purchase the bulk REO properties from a bank and then sell them to the wholesalers.
The second way is to become a bulk REO trader who acts as a link between the REO sellers and buyers.
Purchasing a bulk REO package from banks has certain drawbacks, like:
It requires the investor to arrange for the funds required to purchase a bulk package. Here you must know that a bulk REO package is also referred to as bulk REO tapes. So, as an investor you need to have enough money to buy a bulk package.
Secondly, it is a tedious task to search for banks, purchase bulk REO properties from them and sell them further.
Thirdly, the new investors might consider it as a risky investment to invest in bulk REO packages.
On the other hand, you can enjoy a number of benefits by trading bulk REO packages between the sellers and the buyers. Here are some of the advantages:
First and foremost, you dont have to invest your own money in purchasing bulk REO tapes. You are not the seller but an REO broker who helps the REO sellers and buyers to connect with one another.
Secondly, you can expect a huge profit margin by playing the role of REO broker.
You can work part-time as a REO broker as it doesnt require you to deal in investing.
You can work from home and there is no need to own an office to work as an REO broker.
Finally, you can play a dual role by helping the REO seller to find the buyers and vice versa.
What happens in the later case is that an investor, who has purchased bulk REO package from a bank or other lending institute, calls an REO broker to help him find the suitable buyers. The broker informs about the properties to the buyers he has in his list. Further, the buyers and sellers exchange information about the properties and if everything goes fine, they sign a deal. The same procedure is followed when a seller contacts an REO broker to help him find the REO properties.
As an REO broker, the most important task or responsibility is to help the real sellers meet real buyers. For this, you can opt to undergo bulk REO training that provides all relevant information on how to become a successful bulk REO trader.
