I think my j-o-b is going to be short lived. I'm just not the office type. At all.
I have a cash buyer going to check out the 85k house at 3pm tomorrow. She's a buy and holder and has other rentals in the area.
That's about all I've got for today. I'm tired, and it's late.
10/02/2007
Wednesday, October 3, 2007
10/02/2007
Posted by Steph at 1:02:00 AM
Labels: flip reo, flip reos, flipping, flipping houses, getting started in real estate, how to flip houses, learn to flip houses, learn to wholesale, real estate, real estate blog, real estate investing, real estate investing blog, reo flipping, reo investing, wholesaling
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5 comments:
Hey Steph, I was wondering, if you have time, if you would fill me in on how you went about finding the REO's you were bidding on in the past. I am looking to add a tool to the box and this is a method I have not tried.
Hi Jason,
I found the REOs via the mls. If you don't have access to the mls, you will have to find someone who does and get them to send you listings. Usually it will say something in the remarks section of the listing about being corporate owned.
Hope that answers your questiom.
Steph
Thanks, Steph. Appreciate your help.
I, too, am worried about having to do the J thing. Keeping them crossed.
Steph,
There's currently a discussion on the FH 2.0 site about the value of MLS listings. I'm not about to abandon this source, but I have to admit, seeing people shoot it down is very daunting. What's your experience with MLS been like?
Hi Christopher,
As soon as I get some cash I'm going back to making mls offers. There are plenty of deals to be had on mls if you know where to look, and are prepared to make a lot of offers.
I know people in my market who get deals off of the mls all the time.
Banks are also starting to come down on their prices a bit. One of the REOs that I've been following dropped their price by another 30k a few days ago.
A lot of people will tell me that you can't get any deals off of the mls, but I see with my own eyes that this is not the case.
Steph
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