Comments on: Bulk REO Properties

By: Susan

Susan — Sat, 08 Jan 2011 21:44:54 +0000

Nope. That’s a totally separate topic. If you need help raising private money/getting investor partners then I suggest getting my private money course http://www.getprivatemoneyblueprint.com

By: LL

LL — Fri, 07 Jan 2011 20:53:02 +0000

Thanks again Susan! Last for today, do you instruct(show how?) in your Bulk REO material/coursework how to secure down payment if needed?

By: Susan

Susan — Fri, 07 Jan 2011 18:09:14 +0000

1. Usually from private investors. Unless you flip or broker the packages then you don’t need any downpayment.
2. I wouldn’t call a short sale a workout.

By: LL

LL — Fri, 07 Jan 2011 17:51:25 +0000

Thanks! Also was do’n the same. Quick two questions.
1-How do i get the down payment in a Bulk REO deal?(Don’t have the large Down Payment)
2- “Workout” as in also working out a Short Sale with the borrower?

Note: Cross referencing and checking some of Ken Rushing’s material in some of these questions. Interested in purchasing your material, impressed what you’ve accomplished and made available at a good value!

By: Susan

Susan — Fri, 07 Jan 2011 16:24:20 +0000

You caught me having my morning coffee and blogging.

Workout means you “workout” something with the borrower. Can be a principal reduction and payoff, defer past due payments, etc. Just trying to bring it current and/or get them to start paying/performing again.