Where can I buy REO multifamily buildings?

By on February 6, 2011

Here’s a great question that came in from the Investor Insights search logs. Someone in Palmerton, PA wants to know…

Where can I buy REO multifamily buildings?

Well, the first way is to contact the banks directly (learn how in Bulk REO Secrets). If you don’t want to go that route my next two favorite ways are auctions and HUD.

HUD
Visit the HUD Multifamily site every Wednesday to see the new listings. Some times there are just a few sometimes there are a lot.

You can also sign up to get on their email list to get email notifications of new multifamily REO’s.

Auction.com
This is a site that I was just introduced to by my friend Caryn. She bid on and won a couple of single family REO’s and I noticed they also list commercial REO’s here. It’s cool – you can go to the auctions in person OR you can bid online.

There you go, Palmerton. Now go get a deal!

About Susan Lassiter-Lyons

Susan is the author of Mortgage Secrets for Real Estate Investors and founder of the award-winning real estate blog, TheInvestorInsights.com. A real estate investor since 1994, Susan has raised $26.2 million in private money and participated in more than 600 transactions as an investor, broker, lender, syndicator and advisor. Susan is a dedicated trainer and her training, seminars and coaching programs have transformed the lives and businesses of thousands of real estate investors worldwide.

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  1. Pingback: The Best Places To Buy Multifamily REO Homes Exposed | Real Estate Investing News Watch Blog Aggregator

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