Learn How To Buy REO Properties

Learn how to buy and sell REO properties from Real Estate expert, REO Rockstar Preston Ely. Flip 10-15 Bank owned REO properties every month! REO, Short for "real …

6 0
6 0

Learn how to buy and sell REO properties from Real Estate expert, REO Rockstar Preston Ely.

Flip 10-15 Bank owned REO properties every month!

REO, Short for "real estate owned," REOs are foreclosed homes owned by banks and lenders. Banks either withhold from releasing these properties on the market because they don’t want to take a loss or list them in the Multiple Listing Service (MLS) represented by an agent. REOs are often priced below market value to create bidding wars among buyers.

REO properties can still be a great deal, but buyers should know that REOs may need repairs and banks will rarely cover these costs. When looking at purchasing an REO, buyers should get pre-approved with the bank that owns the property and try to put together the "cleanest" offer possible. Clean means few contingencies, a high earnest money deposit and no requests to the bank to pay for closing costs. In 2009, the banks are dealing with huge numbers of these homes and prefer offers that involve the least hassle

Learn how to buy and sell REO properties from Real Estate expert, REO Rockstar Preston Ely

Flip 10-15 Bank owned REO properties every month
  • WITHOUT ever closing on them
  • WITHOUT using any money or credit
  • WITHOUT any risk whatsoever
  • WITHOUT any experience needed
  • WITHOUT any manual labor

Here is an online review of what you get inside:


Click here to learn more
.
 

Share This:

In this article

Join the Conversation