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Bulk REO buyer

I know, I know. I am a custom homebuilder and not a real estate investor. But, if this keeps up, I will soon start calling myself an investor and quit building homes forever.

Got a new idea here. Besides buying residential and commercial shorts, and high end residential shorts, I am now working on another idea. What about bulk REO's? Anyone on AR rep for a bank on this type of property? I realize that with the Stimulus Deal there was some kind of govt gaurantee on these things, but I am guessing that some banks must still have quite a few sitting around. I can get funding for up to around $10M so if you have any that you would like to run by me, please do so. Go ahead and email them to me at crownlinehomebuilders@yahoo.com and I will take a look. Thanks in advance.

Comment balloon 5 commentsKevin Robinson • April 30 2009 10:56AM

Comments

Hi Kevin,

I'm adding your name to my contact list.  I don't have a proposal for you at the current time but may later in the year.

Aloha

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) over 9 years ago

You're a good contact to have Kevin. Can I add you on as an associate?

Posted by Michael Wayne Jackson, Realtor - Senior Real Estate Specialist (Coldwell Banker) over 9 years ago

Hi Kevin,

Have you had any luck identifying a bulk REO package?

I have been searching but without success.  I am looking for packages in CT.

Joe

Posted by Joseph Abreu (Abreu) over 9 years ago

Hello Kevin,

I have a source that doing 40-42 cents on the dollar for Bulk Reo in CA or nationwide.

Vernon 

Posted by Vernon T over 8 years ago

Just checking back with you after a whopping 8 years!  How did it go, did you find your bulk purchase?  I know a Maui broker whose focus is selling REO's and he's plugged into a lien holder (don't know which one).  There are sure to be many opportunities here.  Advise if interested.

Aloha!

Posted by Richard T. Dolbeare, R(B), ABR, CRS...Hawaii Multi-Island Specialist (Keller Williams Realty Maui) over 1 year ago

Participate