Everyone who's interested in Partnership for this Bulk of REO that was send to me by my REA. I can't afford to let this slip to my fingers. We can submmit an offer to each one of this where-in we think we can sell it right away to list of buyers thats already within our circle if our offer gets accepted. Let's create a Partnership Agreement in each property and we split 50/50.
I got the resources but I don't have credit. We can form a business and choose which property we're going to rehap and which to assign or wholesale. Let's START THE MOMENTUM and I know that our group (newbies) can make this Happen. Anybody here who have an Established LLC, we can use that. Let's form a group, a strong REI Group. Suggestions, corrections on this opportunity are welcome. LA
Who is Dean Graziosi?
Are People Actually Successful?
Does Dean Practice What He Preaches?
What Deals Are The Students Doing Right Now?
WHERE?
It sound like want i'm trying to accomplish with a team. Where are you located? I have an LLC but my fund are very limited. I have buyers but no property yet! Working on that! Give me a holler on Private Message and we'll talk more...
Bulk REO LIst - lrababao
I have been concentrating on wholesaling. Haven't studied too much on the REO properties specifically. Can you explain this a little more.
What area are the properties located in. How many properties are in the "bulk"?
Verna (newage8767)
Bulk REO List
There are around 400 - 500 on my list and keeps on adding everyday. They are located in Baltimore City and County.
REO are Bank owned Properties otherwise known as Foreclosure properties. Everytime a Bank forcloses a certain property, it will go into Auction (i think by the HUD not sure). But anyway, if nobody will bid on it, they will put it into market. Now, the Bank consider this a Liability because they're not into Real Estate Business, they're in Money Business.
Since the Bank is now the one who paying the Real Property Tax, they would sometimes accept any offer just to get rid of the Property. But sometimes the Bank also plays Hard-to-get that they would rather wait for some more offers until such time the property is already more than 3 to 4 months in the market.
Last November 30, I made an offer to one REO and the sad thing I learned just about 2 hours ago, the property was withdrawn by the Bank from the market. It was SAD because a fellow investor and another partner in Virginia have already buyers lined up to buy the property. But one great advantage in my part is that, I learned another lesson that the Bank have the tendency to withdraw it from the market.
I have 2 REA that can help us in our offer. I want everybody who is interested in the group can take advantage. Let's do this so that everybody are happy. We can do Matt Larson's 25/1 strategy. I'll see you all at the TOP. LA
One more thing Verna
One more thing. You mentioned that you are concentrating on Wholesaling. If our offer from this REO properties gets accepted, we sell at wholesale price. There is a formula to compute an offer to the Bank, and our offer to resell. It's a different ways. I guess you already read it on the book. LA
Bulk REO List
New looking in Baltimore tell me more about this deal. I'm a resident of the Md area and looking to invest. I've also seen a lot of activity alone Mcullloh St.
Considering It
LM -- I may consider doing this, but I have some obstacles to hurdle. I have a possible buyer, but one will not work with any realtor deals. Another of my buyers is looking for very specific profit margin and location is extremely important to him. Even if I partnered with you, do you have anyone that would either do or help you crunch the numbers on rehab costs? That is a big issue that I haven't overcome yet for myself! I do have another investor contact that may do that for free, but I have to find out what considerations she is looking for. I'm going to call her today.
Where are you located? Send that information to me via a PM. We should have lunch this week if possible to further discuss this and go over details and properties. I think this is getting more interesting to me.
Verna (newage8767)
I am interested in this also.
I was an investor in Baltimore for years. I am now getting backinto it and would like to team up with some other investors to work with. Please feel free to add me to your list. I am going to start to wholesale properties and would like to work with you on this.
Hello Mr. Wilson
Please tell me where in Maryland are you Located? There are now 3 of us in the group and we formed a partnership with a Partnership Agreement signed by all.
We'll keep in touch.
Thank you very much. LA
i have two cash buyers
I am looking to team up with a group soon. Most of it is moral support. It is hard when you do not surround your self with like minded people, and to cut down on advertising.I do have a LLC a real estate agent and a broker working with me. I also have a short deal specialist that will work with for the short deals.
I have two cash buyers
Hi Tony,
we'll keep you in mind. Are you also from MD? Thank you.
Buyer for Multi-Unit
I have access to a Buyer for a 6 -7 multi unit in the Baltimore area. He has approx. $5M to spend and wants something not currently listed in the MLS. Anything out there?
Hi Deborah, Thanks a lot.
Hi Deborah,
Thanks a lot. I'll try to get some info from my sources and get back to you.
Thank you very much.
LOVEME
Yeah Baltimore
Just the group I was looking for:
I'm a Baltimore native born and raised in Parkville(Baltimore County). I currently live in Harford county and am looking forward to joining the group
Chad Meusel
I'm in
I just bought my first property on PG county Mayland and rented it. I have a list of buyers but i need to find them properties that hasn't been on MLS. I want to join the group and do something about it.
Baria
Bulk Sales
Have connection with buyers looking for bulk sales for 30%-50%. Can close quickly.
Areas of intrest, California, Arizona, Nation wide