Most banks have an in house team of appraisers who have already set the bottom dollar on these REOs.

The key is to have the proper team in place such as a title/escrow company familiar and capable of back to back closings, an attorney, to properly advise you and construct your documents for full legal disclosures and verbiage in your documents, and a quality transactional funder.With all of that, you can successfully complete short sale transactions.

Look at what's happened with books (amazon), misc junk (ebay), travel (numerous), and cars (also numerous sites.)

Hello fellow bloggers, Neal Piekarz here.I'm a real estate in the Detroit metro area, and have access to a multitude of investment tools.My team has 20 properties listed and have several short sale status properties, just need an offer.

If you are serious about landlording and make it through this and want to keep with it, buy the book "Every Landlord's Legal Guide", it's a MUST have book for landlords (look it up on Amazon).

National City just e-mailed us today and informed us that they were pulling their wholesale team.

Not impossible, with the right support and team.

I would like to contribute to this forum to the best of my ability in the hopes of finding a great team to work with me on bulk REOs.

I have relatives in Columbus and thought that with a good team in place, it might be a good area to invest in, as it seems that the properties would provide decent cash flow.DedicatedLearner

There are also statistics that show that of the nation's wealthy, over 35% of their holdings are in RE.In order to suceed in this business, you must be educated and must build a great team which includes your significant other.Enough said.