We have access to real estate owned (REOs) by small lenders. Such properties are ideal for flippers and rehabbers. The properties that we find are priced for immediate sale and are offered by sources unrelated to the MLS.
Please tell us your standard property filters – states, cities, prices, ages, types. If your requirements are broad, then your should tell us your biases – what kinds of properties and locations do you absolutely want to stay away from?
If we find anything, we will notify you immediately. Having said that, we stress in the strongest possible way that if the deals are genuinely good, they will:
- sell quickly and,
- be subject to prior sale.
Most of these properties we encounter are offered for sale with little information other than street address and price. As always, due diligence is the responsibility of potential buyers.
When we have looked at acquiring REO properties for our own account, we have confirmed tax statuses, hired door knockers to confirm vacancies and have contracted with agents to run new broker’s price opinions. We suggest you do the same.
Interested in acquiring REOs? Tell us your preferences and biases.