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Within minutes after sending us back your confirmation email you will be receiving your personal copy of this most insightful e-book on REO investing.
For the first time ever you will:
- Discover What Asset Managers at Banks Don’t Want You to Know!
- Discover What Realtors Don’t Want You To Know!
- Discover What Professional Investors Don’t Want You To Know!
Here is the true story of REO investing as unveiled in more than 60 Frequently Asked Questions from Mentoring Students, Asset Managers, Realtors, Professional Investors and Newbies alike. You will get the real answers to how to make money in the REO gold mine that has made the best real estate market in the last 70 years.
I am not sure how long I will continue to offer this unique chronicle of “Beating the asset managers and listing agents at their own game”. So take advantage of it now. This is a FREE PDF Download so you have it in minutes!
Coming soon I will be showing you 50 very recent deals that netted us profits of over $1,100,000 – many of which were REOs. These are deals that were completed in 2009 and 2010, not in the red-hot markets of 2000 to 2007! You’ll see where each deal came from, how they were purchased and even pictures of each property with narratives of how the deals played out.
Here is the Index to get an inkling of what to expect in the
“Insider Secrets of Crushing the REO Market”:
INDEX | |
| TOPIC | PAGE |
| Disclaimer | 2 |
| Introduction | 3 |
| Index | 5 |
| Frequently Asked Questions - FAQs | |
| What are REOs? | 7 |
| Why are REOs a Gold Mine for Investors? | 8 |
| How Many REOs are There in America? | 9 |
| What About Other States and Their REOs? | 13 |
| Can You Simplify the REO Process? | 14 |
| Why Not Target Pre-Foreclosures Instead of REOs? | 15 |
| Why Not Buy Properties at the Foreclosure Auction? | 17 |
| How Do REOs Trade? | 18 |
| Why Not Do Short Sales Instead? | 20 |
| What Percentage of FMV Should You Offer for an REO? | 22 |
| Why Do Some Listing Agents Actually Hate Investors? | 24 |
| Do Private Auction Sales Work? | 26 |
| What Are The Opportunities in REOs? | 28 |
| How Are Prices of REOs Determined by Asset Managers? | 29 |
| What is Needed to Buy an REO? | 30 |
| Where do You Get the Money to Buy the REOs? | 35 |
| Why Doesn’t Using a “Buyer’s Agent” Work? | 37 |
| Why Not Just Contact the Asset Manager Directly? | 38 |
| Are All Liens and Judgments Extinguished at the Foreclosure Sale? | 39 |
| Why is the MLS® a Glass Ceiling for Pricing REOs? | 40 |
| What About Foreign Money to Buy REOs? | 42 |
| What Should You Expect to Hear from Listing Agents and Brokers? | 43 |
| When is the Deposit Needed? | 45 |
| What Happens When the Property is Under Contract? | 46 |
| Can You Buy REOs by Getting a Mortgage on the Property? | 48 |
| How and Where Do I Find REOs? | 48 |
| How Soon Should I be Buying REOs? | 49 |
| 5 Actual Price Histories of REOs Before Their Final Sales | 50 |
| Do I Have to Inspect the Property? | 53 |
| How Do I Negotiate With Listing Agents and Asset Managers? | 55 |
| Are Deed Restrictions the Death of an REO Deal? | 56 |
| Can You Get a “Pocket REO Listing” from an REO Broker? | 57 |
| Is it a Problem if the Asset Manager Chooses the Closing Agent? | 58 |
| What is the “Cursed” Addendum? | 60 |
| What About Code Violations and City or County Liens? | 61 |
| What About Property and Liability Insurance on the REOs? | 62 |
| How Can I Stand-Up to the Intimidation of Listing Agents? | 64 |
| What About Misleading Statements Made by Listing Agents? | 66 |
| What Happens When Your Offer is the Highest and You Don’t Get the Property? | 67 |
| Should You Try to Justify Your Offer to the Listing Agent? | 69 |
| Can You Assign Your Contract? | 70 |
| When is “Flipping” an REO Illegal? | 70 |
| How do You Sell REOs Wholesale – “Step-by-Step”? | 71 |
| Why is a Cash Sale Not the First Choice of Asset Managers? | 72 |
| How Can You Find and Use Private Money to Buy REOs? | 73 |
| What Closing Methods Use No Money, No Credit and No Risk? | 74 |
| Where is the REAL Money in REOs? | 75 |
| What are the Benefits of Buying and Selling REOs in Land Trusts | 78 |
| How do You Respond to the Seller’s Counter Offer? | 79 |
| What is the Achilles Heel of the REO Industry? | 80 |
| What About the Price History of Each REO? | 81 |
| What Do You Need to Do Before making an Offer on an REO? | 83 |
| Do You Need to Inspect an REO Before You make an Offer? | 85 |
| What is Your Maximum Risk if You Change Your Mind Before Closing? | 87 |
| What About Repairs and Time for an Inspection? | 87 |
| Do You Have to Have a Real Estate Agent to Buy an REO? | 88 |
| What About Buying Bulk REOs? | 89 |
| What About Commercial REOs? | 91 |
| Do You Need a Corporation or LLC to buy REOs? | 92 |
| How Do You Sell the REO When You Get It? | 93 |
| What is the So-called “White Shark” Approach to Buying REOs from Lenders? | 94 |
| Just How Much Difference is There in the Discounts on REOs and Short Sales? | 95 |
| What are Tag-Teaming and Ghost Orders? | 97 |
| In Summary | 99 |