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Updated over 17 years ago on . Most recent reply

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Barter for REO?

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Posted

I am interested in getting a feel from a broker or banker on a barter strategy.

In today's market I presume REO inventory is increasing markedly. I would like to explore bartering new, Major Brand current model Computer Lines (Laptops, Desktops, PDA's, & software) as well as complete lines of Consumer Electronics (Flat Screens, TiVo, MP3 +++) in exchange for a single family residence in the $250-$500K price range.

If the REO owner (Or private seller who had a substantial equity in the property) were not interested in the afore mentioned type commodities, then perhaps advertising credits or hotel rooms could be secured, using the above in which to trade for.

I will acquire and price the goods at my "group buying" cost, which is the most competitive outside of being a distributor. In exchange, I would expect a return that equated to a little bit less than what i would get if it were a cash deal.

The goods are all cream and priced very competitively. I'm just trying to do this using lines for which i have extended payment terms on.

Banks do need Computers, Printers, Software & Flatscreens that display advertising messages for their lobbies.

What do you think of the concept?

If not barterable with a bank REO, then how about private sellers in tight markets like here in Orlando?

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