All Forum Posts by: Jason Jenkins

@Joe Gore

At this point nothing is set in stone. I think the answer to that depends on factors such as the capacity and experience of the partner I bring on board and the current inventory of the banks. I have in my mind an estimate around 25. I wont know for sure until everything has an organized structure.

@Joe Gore

The goal is to get the inventory from local/regional banks

I have the opportunity to move forward with my first Residential REO Bulk Purchase. I have someone who will commit to providing the financing so long as I can prove the opportunity.

As it currently stands, the main goal of this purchase is to rehab the properties in the package and sell them at market value to retail buyers. To supplement my lack of experience in this arena, I'm looking for an experienced partner to take the lead.

My question is for anyone who can provide valuable insight :

What are the particulars of a bulk reo investment that I should be giving special consideration to?

I got it Bill. Thanks :)

Eric K.

Thanks for that response. I'm very familiar with the information you provided. It was definitely a relevant reinforcement of the principle information I've gathered over the years. What you did catch me off guard with was your FMRR equation. I had to go and look into it further. It took me exactly where I wanted to go. And that was an absolutely great addition to my original post. Thank you.

Bill Gulley
Not only do you consider income, but also the known or expected expenses and major improvements, those as capitalized and depreciated...

Commercial valuations are weighted toward the income approach over new construction with depreciation ...

Can you please explain these two a little further.

Bill Gulley,

How does one go about evaluating a vacant commercial property?