All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.

My thinking is that if we make the same disclosures to the non-accredited investors as we would with them investing directly in the fund and we keep the quality to fewer than 35 we should be okay.

While most other sites would opt to boost their post count, we feel that the quality of post is far more important.So . . . hiring some VA to spin content or write original content that is pure garbage is definitely one of the worst things you can do.BTW - I caught a national REI guru pulling the same thing here as well a few months back.

Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck

You have a very good opportunity to build a quality portfolio without risk of your capital.Good luck

It was a clean way to do it w/o involving either of our individual LLCs.

Steve's idea will likely not fly as the end buyer likely has a lender and lenders will not usually loan without a clean termite report.You have just learned another valuable and costly lesson taht $95 could have saved you.

I am really glad this forum is starting to gain some traction and we are raising the quality of the discussion!

Some of the people who come to ask one question will be impressed with the quality and speed of answers from this site and become active members.

They have, however, been cleaning up a huge mess that they inherited from taking over Countrywide.