Buying Bulk REO's

Many people have asked me about buying bulk REO or foreclosed properties directly from the banks. This market is overwhelmed by intermediaries on the buyer's side, the seller's side and on the intermediaries side. But there are bulk REO (tapes) to be had and regardless of all the middlemen, the deals can be exceptionally good for investors who understand that they are buying properties at 40 - 50% of current market value. So, if you feel the need to investigate and inspect every property then this type of purchase is not for you.

The minimum purchase price of these foreclosed property tapes is generally $1,000,000 but there are occassionally smaller tapes available. Sellers want a letter in intent and proof of funds and will provide the tape details within 24 - 48 hours. Buyers usually have 7 - 10 days to review the tapes and make the decision to purchase. Most tapes have properties located in Florida, California and Nevada and buyers can specify preferred locations.

Anyone interested? contact me, let's work together to find some great investments.
Tali Wolder
tali@floridianinternational.com
http://www.talisellsflorida.com/
561-866-9372