REO listings from local banks

[Scott DeLuca]

I am a new investor that just relocated to South Florida. Ideally looking to house hack a multi-family unit in the Fort Lauderdale / Miami for my first property. The inventory is not great down here right now so also open to a deal on a SFH. Not much luck on the MLS...

Anyway, I was at a BBQ last week and met a real estate investor from Louisiana and he said to try calling around to local banks and getting on a distribution list for their REO properties. Does anyone have any experience doing this? If so, any tips??

[Wayne Brooks]

No value. They all are already on or will either hit the mls or the large REO auction sites. Most won’t put you on an update type list.