Reality REI/Greg Norman

[Marc M.]

Anybody ever dealt with him?  My coworker gets his emails on a regular basis and his website strikes me more of a sales pitch than a mentor, though he's a heavy investor in my area.  Just curious if anyone had personal experience with him or his company or heard anything from someone that has.  

[Tamara Kucik]

His strategy is to write offers on dozens of properties, and if he gets short sale/bank approval, only then does he view the properties and decide if the investment is worthwhile.   He defends this practice because he "lives in Hawaii and buys 50 houses a year"  He "doesn't have the time to look at every house."  It might be a good bulk purchase strategy, but it's disingenuous and does waste the time of agents, sellers, title companies.....everyone's time but his.   Unfortunately, it ties up the property with no certainty of sale.  In my short sale, he wrote a non-contingent offer -- but then claimed at final walkthrough that the condition of the property had changed.  This is a distressed property --- in terrible condition - but no worse than it was when it went on the market.  Listing agents should be cautious.