How to use this page
This page is meant to be a long-term reference guide for you as you work on your REO investing business. Below, you will find an updated archive of our most successful not investing guides, processes and strategies.
We will show you how to contact asset managers, cold email banks, how to get REO listings and so much more.
Why invest in REO?
REO investing became popular as a lot of savvy investors bought up most of the bank owned property that the major banks were sitting on after the 2008 crash. Whilst retail real estate investors where still reeling from the fall in equity prices, a few people quietly invested in REO properties at rock bottom prices.
Whether you are interested in commercial, multifamily or residential real estate, investing in them once they have been foreclosed and turned into REO is still the cheapest way to enter the market.
Prime real estate at bargain prices
Usually, when you see a property for sale at below the market value, it is an immediate sign that something is wrong with it. The discount will be a reflection of the problems on the property and if you are unlucky enough to be at a heated auction, you might still be forced to bid for more than the market value.
Fortunately, that isn’t the case with REO, especially when you go bank direct. There are millions of houses that are perfectly fine, that have been foreclosed on by the Banks. When it comes to REO, the discount is because the Bank wants to get rid of those assets. So if you want the cheapest price you have to go straight to the source. Also, when you deal with the banks directly, you won’t have to compete with other sellers as long as you maintain your ability to close on the leads that they send you.
How to Get Started
On this page, you will find links to our best REO investing guides, podcasts, videos and reports, including:
- How to get REO leads on LinkedIn
- How to find local REO
- Where to get funding
- The secret to investing in bulk REO
- How to negotiate deals on foreclosures and much more…
Guides to Get You Started
How to get REO Listings from Banks
Are you struggling to find REO listings? This post will go take you through our process for finding repeat REO Listings.
The Ultimate Guide to REO
We have put together this guide to give you in-depth knowledge on the REO property investing, including a list of Agent Directories and an updated FAQ section.
Definitive Guide To Bank Foreclosures
The most comprehensive guide to understanding, finding and negotiating deals on bank foreclosures
How to Get REO Leads on LinkedIn
Josh Turner giudes us through his successful process for finding and closing REO leads on LikedIn.
Cold Email Asset Managers
You’re going to hear from a guy who developed a template for cold prospecting via email that won him more than $50MM in accounts
How to Sell 10,000 REOs
Mike Carey from Tranzon Auction Properties has been involved in the sale of an estimated 10,000 distressed bank assets including REO
How to Go Direct to Asset Managers
This guide goes deep on exactly what you need to go directly to asset managers and a downloadable list of 51 asset managers.
Secrets to Investing in Bulk REO
We show you how investing in bulk REO can be more profitable than buying individual real estate foreclosures.
Guide to Distressed Property
Find out everything you need to know about distressed property & distressed debt right here.
Funding for REO Investing
In this video, we will go over 5 alternative funding sources for REO deals and Fix and Flip projects.
How to Find Local REO with BankProspector
Here’s how you can find local and regional banks with REO (bank owned, foreclosed, real estate owned) with BankProspector
How Charge-Offs Affect Your Note & REO Deals
Charge Offs may be a very good indicator as to the likelihood that a bank is willing to sell some of its distressed loans or bank owned real estate (REO).