Real Deal REInvestor Network

I'M JUST KEEPING IT 100 (as we say).

I believe I am the best candidate for this challenge because I am a dependable person who can carry out task individually or within a team. I'm loyal and creative. I am unique with fresh ideas. I'm a go getter who is ambitious and optimistic. Because I love to learn I believe I will be a great candidate. Although I'm young, I am a hard worker who loves to succeed at everything I do. Not to tell too much but I have to do this. My family has hit rock bottom and although my husband is doing everything he can to pull us out, he needs my help. So I know that I will perform every task and do everything possible to help provide for my family. I also believe I will be a great asset to this team because Integrity is everything and I give my word that I will follow through with my commitment to the team. Thanks!

I don't know about you but I don't like problems or things that get in my way.

Here are a few things that I desire to change about the whole Bulk REO process.

1) Get rid of the Daisy Chains.  Every time I speak to someone about Investing in Bulk REO's they bring up Daisy Chains, especially if they've tried to work in this niche at all.  For those of you that may not know, a Daisy Chain is when someone says they know someone that knows a buyer or knows someone else.  Don't get me wrong.  We all know people, but in the realm of investing in Bulk REO's only the serious ones that have direct access to cash need apply.

2) That brings me to the second thing that needs to change in Bulk REO's.

We need to devise a system that keeps the tire kickers and just plain curious people out of the qualification process.  And finally.

3) It would really be better on everyone if the banks had a guaranteed way of not having to take back any properties as REO's.

I'm sure we can collectively think of a true win-win to accomplish this.  

Talk about Pioneering, Baby! 

1) How much effort should I be investing to find a good, decent investment property?

You shouldn't need to put much effort into trying to get the right investment property for you.  You should be able to just give your money that you want invested to a reputable company to invest on your behalf and just know that your money will invested where it can best meet your investment needs and goals.

2) What Company or Investor should I be Investing With?

You should be investing with a company or investor that will have a system in place that will manage each and every thing that could possibly happen with or to your investment property on your behalf without you having to be involved past the surrendering of the money your investing.

3) Should the process be Turnkey?

Yes, absolutely.  This allows you the investor to have peace of mind knowing that everything is already in place for you to succeed with your investment property. 

1) How do I know whether I'm dealing with a legitimate person in the industry?

First of all, you should ask whoever your working with for references so you can see what people who know them say about them.  You should also be able to talk to these references on the phone.

2) How do I know I'm getting a good deal?

First you want to define what a good deal is to you.  This is subjective, but you probably want to make a minimum ROI of 10 points on the money your investing.  Second, the price that your paying should be less than the FMV or the Fair Market Value.  You should also be paying less than the ARV or After Repair Value.

3) How much under value should I be paying?

You should be paying 65 to 85 cents on the dollar for these properties so that you have built in equity going into the investment property from the start.
 

I'm mastering the Real Estate Investing niche of Bulk REO investing in select markets around the country as a way to become financial independent.

It's no secret that their is plenty of land on earth, although if you listen to some people you might think we have too many people and need to start figuring out how we can live on the moon, mars, or underground.  Not sure how you would get sun light in any of those places, but that might be the least of your concerns in making those options work.  

Any way, theirs plenty of regular real estate where we can all breath without an oxygen tank and where we all wear normal clothes.  Sometimes the banks have to take these properties back, because someone isn't able to pay back their debts and sometimes still the bank can't seem to sell it.  That's where I the bulk REO buyer comes in and saves the day, but only because there is such a huge discount on the prices of these properties, which makes these deals so valuable to the market place.  When you know what your doing and are able to stand head and shoulders above the crowd with an automated system for your buyers it's easy for you to cash in. 

When investing in Bulk REO packages it is definitely true that there are a number of people that want to be big players, but just aren't.  Some of the real players in this niche are Duncan Wierman and Kenny Rushing.  These guys know what their talking about and can be trusted.

When investing in Bulk REO's you want to make sure that you don't just look like everyone else.  You want to rise head and shoulders above the crowd.  You do this by offering a turnkey system for those that want to invest in Bulk REO's, which they can easily make double digit rates on their money.

In order to offer a turnkey system you have to have a power team in place in each market that your working in.  Each separate area like the NYC area would be a separate market that you would need to have contacts that your consistently working with.  This list includes but is not limited to: realtors, home inspectors, contractors, CPA's, real estate attornies,  etc.

I'm sure the Bulk REO opportunity buzz has been heard around the world once or twice by now. This highly lucrative investing opportunity has been covered by a shadow known as "the joker broker". I will share with you now 6 quick tips on how to spot these industry clowns and get to the real product and the rewards that come with it. Read on...

 

 

 

Honestly, I am surprised that there seems to be a lack of technical information when it comes to searching the world wide web (a.k.a. the internet) for Bulk REO's.

On YouTube there is a whoping 39 video's for Bulk REO's.  39 out of millions.  So much for the information age.

Perhaps with the aid of Google Alerts, I'll run across something new in the information age concerning, Bulk REO's.  Compared to other forms of real estate investing there just isn't that much to know, unless you want to come out head and shoulders above everyone that just wants a piece of the pie.

But, in order to do that your going to need to build your power team.  This is anybody and everybody that is utilized in real estate transactions.  You don't want to look like everybody else anyway.  You want to show that you can offer services that no one else can.  When you give your potential buyer specific information on who he can go to and what the prices are for anything concerning the property, they know you mean business.

1) When your trying to buy product in the form of Bulk REO's you need to make sure your dealing with someone that is the Real Deal.  They can get in touch with the bank and not just with an investor that knows an investor that knows a buyer that might have some product.

When I deal with Bulk REO's, I  get into with the banks, themselves.

2) You need to make sure your dealing with someone that is trustworthy and reliable.  As a person who has ran for and will in the future again run for public office, you can know that I am not simply pulling your leg.  If I'm not telling you the truth, then I have a lot to lose.

3) Are you looking for properties to invest in Kansas City, Missouri; Knoxville, Tennessee; or New York City, New York?

Well, then don't delay and call me today at 917-292-1776 or email me at philipjsherman@gmail.com

These are the markets that I, as a Residential Bulk REO wholesaler specialize in. 

When investing in Bulk REO's you want to make sure of a few things right away.

1) You make direct contact with Bank Asset Managers for the actual tapes of properties.

2) You want to know how your going to exit before you go shopping for a package or tape.  Will you be selling to a hedge fund?  Will you be selling the properties to end buyers or home owners?  Will you be wholesaleing the properties to whole salers?  What is your Exit strategy?  What is your backup plan in case that falls through?

3) Make sure that your buyer or buyers are legit.  You need to check out their Proof of Funds, otherwise known as their POF.  Do they have the funds they say they do.

If your deal with anyone else your probably just wasting your time as they are just trying to get into the deal, but don't actually know how to play the game.

See you on the Up Side.