REO Vault Feedback & Results

[Charles Flaxel]

Hey there. I searched the forums for information on REI Vault, but didn't find much more current than 1 year old. I'm hoping to get feedback from those who have been using it. I am considering joining, but wanted to hear of others results. They have three packages and I was leaning toward the Gold one. Beyond the monthly membership, how much are you spending on marketing monthly (direct mail, lists, etc.) through them and what kind of results have you had (ie number of deals, etc.). I read on their site they tend to target absentee owners. It also said that about 15% of the deals their members close on those properties, end up in an eviction. Can any of you attest to that? I know cash for keys is generally faster and less expensive. Any and all feedback is greatly appreciated. Thanks!