All Forum Posts by: Kurt Chen

Hmmm, you are right. Does it mean the quality of their pool sale is much worse than a year or two ago? Since 2012, the hedge funds such as Blackstone has been buying the REO houses like crazy. At the height, Blackstone was buying $100M per week. I assume they must be buying from the Fannie REO pool. It is impossible to buy so many houses in such short period of time using MLS and realtors. So now the good bargins are gone, what's left are junks? Who has the real time info?

, : Thanks a lot for the info. Based on your info, an investor can buy maybe 30 properties for about $1M. Spend maybe up to $0.5M to renovate and then rent out the property. Sounds like a good deal. Renovating and renting out 30 properties could be challenging, needs good contractors and property management company.

You guys have any idea or experience raising money from accredited investors?

Anyone knows how the Fannie Mae REO Pool Sale is going? Who has done it and got inside info to share?

From BP podcast show 60, the guest Serge Shukhat mentioned a group of Texas investor buying from Fannie Mae REO Pool at $1 million for 30 single houses. Sounds very interesting.

I am looking at the strategy of buying a lot of single houses quickly, renting out, and selling at the next market peak (in 15 years, maybe?). Assuming I can raise the large amount of money needed (a big if). Using MLS and real estate agent would not work. Buying from Fannie Mae REO Pool seems feasible.

Any detailed info would be greatly appreciated.

I am buying my 3rd investment property and found that I am reaching my loan capacity very soon. The bank will only loan me money for one more property. Even if I am lucky to get mortgage loans to buy 6 more houses to reach a total of 10, Fannie Mae would not allow more loans beyond that.

How can a small investor like me get loans for houses after his/her 10th property?