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Updated over 8 years ago on . Most recent reply
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FLIP THIS REO BOOK
I been reading about wholesaling reo and it seems like a good stradegy to add to my belt with direct mail. I heard this is a good book to learn step by step O ya I heard it was free! The book is written by steph Davis. I cant find the book anywhere. I beleive it used to be at her website flipthisreo.net but the website does not exist anymore. Maybe if she got her name as a keyword she will help :)
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@Wayne Freeman REO's are a good way to make money wholesaling, but they do usually require more earnest money(typically $1,000), and you have to know where to find them. Check out Preton Ely's REO Rockstar system. It's pretty cheap, and he knows his stuff. Also, a lot of bigger banks have some REO's listed on their websites, but they hold back a ton of inventory called "Shadow Inventory." Don't know why, but they do.
You need to find "Asset Managers", they are the people that control the REO's at banks. You can find them by searching for "Asset manager" on LinkedIn. Connect to them and you should be able to find plenty of inventory. Keep in mind that there might be a lot of competition with those, but if you get in good with the asset managers, they might hook you up. Good luck.