Buying shadow inventory???

[Ed L.]

There is a avenue near campus that has 5 vacant homes complete with the winterized notices.

I'm pretty sure they have gone through the foreclosure process and are being held as REO.

The properties were previously used as rental property. I'm guessing investor bought at market peak, and couldn't rationalize the needed interior renovations on underwater properties.. They are worth 25-30K as REO, and will bring 750-850 with light interior renovation.

I'd really like to buy multiple homes on the same block so that I could control the neighborhood.

What would be the most effective method for procuring these homes???

I've got the name of the PO's LLC off the online tax records.... Would the current owners info be available at the tax office???

Just don't know where to start, or if I should just save my time and wait for them to go Retail... Which will probably lead to being **** blocked by incompetent realtors, owner occupants, etc.etc.

[Will Barnard]

Another idea is to keep your eys on each house. Usually, REO homes will have an 8.5 X 11 white sheet of paper taped to a window showing the name and contact info of the person managing the asset (often the agent who will be listing it). Call them direct and ask to get a showing, and get as much info from them as you can, explaining that you would like to have them make an offer on your behalf for the property and double end the listing. Your offer will likely take weight over others as you are first and the agent gets the double commission.