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Mark Bradley on How to Buy Bulk REO Properties— What the Real Estate Guru’s Are Hiding
Professional real estate investor describes a career buying bulk REO properties. For those on the journey for the American Dream, rewards could be rooted in bank owned real estate, not in the short sale hype.
By: Ultimate Bulk REO Secrets
Infomercials about short sales and foreclosures are ‘dazzling’
Having been successful in business and already having a background in real estate, Bradley found his business life “flashing in front of his eyes” when the real estate market ‘crashed’ after he had already begun the process of short sale investment. As Bradley has previously mentioned, when all of his finances depleted, he turned to his own strategies:
“I remembered how I got started in real estate. My best success was when I started buying apartment buildings from banks afters the savings and loan crash in the 1980s. The banks had taken back tons of properties as Real Estate Owned by Banks, or REO properties.”
Bradley described his revelation as the answer in a recession-driven housing economy. Investors should seek out the source, the corporations being hit the hardest through foreclosures, in other words, the banks and lenders. Despite the popular trend of trying to engage in the painstaking and untimely process of short sales, bank owned real estate stood waiting, and these banks were desperate to rid of the abandoned mortgages.
Still, Bradley was hesitant to sacrifice all of the time and money that he, like others, had invested in the short sale phenomenon. He doubled the effort, and still had nothing to show for his venture; finally Bradley decided to pursue his instinct to buy distressed properties from banks.
Bradley was met by voices of opposition once he restructured his company to focus on bulk REO real estate. Bradley’
The banks won’t even talk to people unless they have a million dollars to work with!
You can’t find any financing in today’s market.
It will take forever to find the right banks and lenders who have good deals on properties!
Despite the voices of his opposition, Bradley was determined to find a way to buy bulk REO properties and figure out how to make this process extremely profitable. Since the banks in today’s economy are still recovering from a significant housing crisis of historical proportions, Bradley found that most were accommodating in selling several REO properties to him at deep discounts in one transaction. Bradley welcomed this cooperation since he personally felt the financial burden of his four children moving home and needing to pay for community college.
Bradley capitalized on the powerful potential of the Internet through social media networking and Real Estate Web 2.0 to locate banks with REO properties that fit his criteria. He quickly associated himself with banks and lenders willing to provide bulk REO real estate through transactions consisting of 100 bank owned properties providing investors profit margins starting from 5 cents to 47 cents on the dollar.
Following his remarkable discovery, Bradley found nothing but constant profit through bank owned real estate. He found lenders willing to loan on these assets, because the loan to value ratio was so low. Finally, the financial freedom that seemed so distant became a comfortable reality.
One of Bradley’s children commented that he should teach others wanting to buy bulk REO properties, and after considering the distressed people trying to divulge in the short sale deals like he once did, he began copying the steps he used to become involved in a structurally sound multi-million dollar real estate company and Ultimate Bulk REO Secrets was born.
In an upcoming press release, Bradley describes the A to Z blue print that he designed so anyone can build their own multi-million dollar bulk real estate business… “A business” says Bradley, “that focuses on long term equity goals, monthly cash flow, and building equity anywhere in the nation with any type of property.”
For more information, please visit the corporate website at http://www.ultimatebulkreo.com where you can access the four video series on how to make $997,323 in equity in one deal with bulk REO investing as well as the 34-page guide, Top Secret Bulk REO Insider Secrets Profit Guide.
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On average 278,297 bank owned properties remain unsold with over 300,000 added to banks inventory of REO properties each month. Mark Bradley teaches investors how to take advantage of this huge back log of bank owned real estate.