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Updated over 15 years ago on . Most recent reply

User Stats

3
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Jose Sarabia
  • Real Estate Investor
  • compton, CA
0
Votes |
3
Posts

sources for REO'S!!

Jose Sarabia
  • Real Estate Investor
  • compton, CA
Posted

Need soures to buy REO's!! I'm a realtor and already have access to the mls. The MLS is too competitive now and need an alternative route to pick up REO's and make a healthy return. I'm out in los angeles and don't have the capital for tapes.
Can anyone help?

Most Popular Reply

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494
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261
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Derek W.
  • Investor
  • Kern county Riverside County, CA
261
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494
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Derek W.
  • Investor
  • Kern county Riverside County, CA
Replied

You don't "find" relationships, you build them. Over time. Just keep doing what you are doing and you will eventually start having agents call you with deals. Attend your local REI meetings regularly. Stay late and talk to people afterward. Call listing agents and talk to them about the weather or the moratoriums, or what they are hearing about the market etc. Call them again when you see they picked up a new listing and congradulate them on it. They will start to remember you and eventually they will have a property falling out of escrow and they will need someone to bail them out before they upset their asset manager. You will come to mind and get the call.

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