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Updated about 13 years ago,
Lowest of low end
Hello All,
I am new to this group of Bigger Pockets and welcome your input and my involvement here.
I am a licensed General Contractor home builder 45 year old married father of 2 boys in Coastal Orange county Ca. Also, I have a preservation Company where i manage REO assets for Mortgage servicers/ Banks/ Credit Unions/ RE brokerages. I see and report on 100s of properties monthly and personally have seen it all in REOs and the horror show of humanity that goes with that.
What I have discovered is that my clients have thousand of REOs nationally and through my relationships at the Asset Manager level I have access or the ability to look at them all. Allot of data.
Up until recently I have focused very little effort in pursuing my own jumping in point as an REO investor. KNowing that green grass gets cut I instead, opted to familiarize myself through working within the REO system as a business owner and vendor to them. What I have seen is there are many many niches to target and explore. Court House steps, Trust deed sales, Short sales, Hold and rent, Section 8's etc etc. My time of the past 24 months has been focused on making myself an expert in Property Preservation. and the processes of asset managers.
Having now accomplished that
I feel I am right at the doorstep of exploration into my own next best step into REO and RE investment properties. I look forward to mining this site for useful bits of insight, regions or hot spots/regions of proven success.
Warm regards the newest BP guy
jim Mackel