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#282331 - 03/19/09 08:44 PM want 30mil bulk reo's
charlesz3 Offline
Junior Member

Registered: 03/19/09
Posts: 1
Loc: Georgia,U.S
I have a buyer looking to buy 30mil bulk reo's

-Single family dwelling homes {Price range 130-150}-{Southeast}

-Buy 30-40% {BPO}

My website-www.realtyinvestorbid.com

+Registration is FREE
+Listing properties is FREE
+Bidding is FREE


Contact #: 770-971-8125

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#282355 - 03/19/09 11:34 PM Re: want 30mil bulk reo's [Re: charlesz3]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8391
Loc: georgia
"-Buy 30-40% {BPO}"

This is unrealistic. Bulk trades are going for 50 to 60 cents on the dollar with mnay buyers. I am not finding bulk deals at 30 to 40 cents on the dollar unless they have serious condition issues.

It sounds like you are looking for cream 130k to 150k and if most of their assets are carpet and paint cleanup which they usually are you are wasting your time trying to get 30 to 40 cents on the dollar.

If you are talking 30 to 40 percent off that is more realistic you just need to talk directly to the lenders and banks.

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#287637 - 04/24/09 03:16 PM Re: want 30mil bulk reo's [Re: super realtor]
Spencer SHC Offline
Member

Registered: 02/10/09
Posts: 16
Loc: CA
[quote=super realtor]"-Buy 30-40% {BPO}"

This is unrealistic. Bulk trades are going for 50 to 60 cents on the dollar with mnay buyers. I am not finding bulk deals at 30 to 40 cents on the dollar unless they have serious condition issues.

It sounds like you are looking for cream 130k to 150k and if most of their assets are carpet and paint cleanup which they usually are you are wasting your time trying to get 30 to 40 cents on the dollar.

If you are talking 30 to 40 percent off that is more realistic you just need to talk directly to the lenders and banks. [/quote]

Bulk REO pools are very rare. Most "tapes" are 100% fraudulent offerings by brokers looking to shop institutional investors.

For those few that do trade, you are right, they are in the 65-70% of current quick-sale bpo.

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#287644 - 04/24/09 04:01 PM Re: want 30mil bulk reo's [Re: Spencer SHC]
jpoey Offline
Member

Registered: 05/16/07
Posts: 208
Loc: Novi,MI
probably just spam for his website, if I had a buyer for that I wouldnt have to post here

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#287645 - 04/24/09 04:08 PM Re: want 30mil bulk reo's [Re: jpoey]
jpoey Offline
Member

Registered: 05/16/07
Posts: 208
Loc: Novi,MI
just checked his website, the crap he's trying to sell in Detroit is all in the 5-10k range at best, his bid prices are ridiculous

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#288094 - 04/28/09 07:32 AM Re: want 30mil bulk reo's [Re: jpoey]
Malok Offline
Member

Registered: 08/18/07
Posts: 228
Loc: Kentucky - in a barn!
Interesting its in Detroit - because his location says: Loc: Georgia,U.S

And the 770 area code is Atlanta.

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