All Forum Posts by: Dustin Johns

I think you will have a difficult time buying REOs at 50% of their listed value unless they have been lingering unsold for many, many months. The listed price might be retail, retail less repairs, or a nice discount. Doesn't matter. Its what the bank wants, and they're not going to come off that price very much unless they've had it on their books for a long time.

So, the trick is to catch ones that have a price drop that moves them from too high a price to a good price. Unfortunately, you're not the only one doing that, and you'll have plenty of competition.

I concur 100% with this, as an investor buyer and an REO agent.

Totally agreed as well. The only way to buy that low for me is to partner with a firm with direct contact with the lender who is buying in bulk. That takes away from the deal too. Just gotta keep grinding........ I've made the most money at foreclosure sales and looks like buying REO's wont change that. Thanks everyone....

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Be One Of The First Investors In The World To Get Paid On â€œPrivate Liquidation Real Estate Dealsâ€â€¦

Has anyone heard of this guy. I am possibly attending this webinar today @2pm......

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Thats a fairly easy project. Based on the picture, the framing and materials should cost around $4,000. Do you want to tie-in to the existing pitch, or create a new one? May consider new shingles throughout for curb appeal?

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Thanks Shaun. Nice site too.

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Have you guys been buying many REO's lately. Unless we are buying a large package, it has been difficult for us to get an offer accepted that we can make money on. If a REO is listed at $100,000, what is your typical bid range?

We try to purchase in the 55-65% range. Any feedback is greatly appreciated.....

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Thanks Jorge. And sorry about the logo Josh. I will join on the business side soon too.

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I have thoroughly enjoyed the site so far....

My name is Dustin Johns and I'm an RE Investor in Columbia, SC.

Our group specializes in bank properties and foreclosures. Hopefully I can contribute to the forums and network with others to make it through this challenging market......

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All Forum Posts by: Dustin Johns

Dustin Johns has started 11 posts and replied 37 times.

Post: Buying REO Property

Post: Michael Kimble???

Post: Is there anything I can do with this roof?

Post: Buying REO Property

Post: Buying REO Property

Post: Hello BP Member.......

Post: Hello BP Member.......