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Updated over 7 years ago on . Most recent reply

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6
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Carl DiMaria
  • Vendor
  • Coaldale, PA
0
Votes |
6
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I don't understand this isn't rocket science

Carl DiMaria
  • Vendor
  • Coaldale, PA
Posted

I run a company that takes care of reo's for the banks basically I lock them up,clean them out,tarp the roofs and anything else you can think of(and yes I still have the keys)I have a investment strategy that if I told you the ROI you wouldn't believe me.So where are the investors?My project is like owning sunlight when it was dark,buying IBM when it was an IPO.It seems like unless I have done 50 deals or have a 800 credit score I'm **** out of luck.Just Saying!

Most Popular Reply

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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,788
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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

So if I read your post in an unfavorable light here's what it sounds like: "I have no track record, poor credit, no money, nobody I know will invest with me...but...it's great idea with an unbelievable return!"

And "having the keys" gives a small implication that you can give me (an investor) access to the interior of a secured property. I'm guessing that's a massive potential liability for the REO marketer/reseller and might not exactly be 100% legal. Others will know better than me.

Eons ago when I worked for an REO marketer/reseller we couldn't disclose things about properties like appraised values, etc. Pesky challenges with vendors, appraisers, etc. potentially colluding with investors...

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