Tips for Newbies

[Bryan L.]

Over-priced REOs: Many people skip over these because the numbers don't work. Actually, this is a great place to find a deal. Make the offer that works for you and your numbers. It might be only 40% of list price, but that's OK, especially if the property has been on the market for a while. People always talk about there being too much competition for REOs, but these listings will not be getting much activity - because they are over priced. That's a key to finding deals on the MLS - find the deals that others either don't know about, or that others are ignoring.

If you find this tip helpful, please comment/reply. The more interest that I see in these tips, the more I will post.