REO bulk sales, flipping and Real Estate investment can be categorized in three ways:
Flipping can be a little bit of cash, RE investing can be a lot of cash and REO is a Box Car load of cash. Portfolios usually start at $5 million USD and that's low. Finding who holds the notes, everyone says they have access, isn't all that easy and most who say they are direct to the source are not. A lot of Fee Chasers out there who expect to be paid because their Uncle's barber knows someone who knows someone else who knows someone who's direct to someone who knows the person who is direct to the source. RUBBISH!
Banks aren't making loans in the U.S. unless you have double the amount in another account and the only people playing the REO game have billions in cash at the ready. I have access to the cash but haven't found anyone who can sell. Not even the banks. What are they waiting for I wonder? With Fannie Mae and Freddie Mac going under over the weekend; I'd say the denial game is over. Will that open the market or will the cost just become greater? I'll bet on the latter.
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