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Buying and holding, buying and rehabbing or buying and wholesaling REO properties has been an absolute craze with today’s top Real Estate Guru’s… The questions that I always get are: Are the Guru’s right, are they wrong, does it work, are they full of crap, etc? Listen in to today’s Friday Coffee Break to see the facts and what the real truth is… Also listen in to find out whether or not you can subdivide a property in default; then short sale one parcel and keep the other free and clear, whether or not, on an “A” to “C” transaction, a property should be listed with the “A” Seller (as Seller) rather than “B” Investor (as Investor) so the bank pays the Realtor commissions, whether or not there is a fiduciary responsibility conflict with being an agent and the investor when doing the A to B and B to C closings with short sales, whether or not you need to get short sale documents from an estate when the subject property is over-debted and more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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2 Responses to “The Truth About Whether Or Not The REO Market Is A Waste Of Time!”

  1. Virgil Horner

    07. Jun, 2010

    Pat,

    Always love the info, but I did wanna comment on the REO portion of the video. I work in Idaho and I am a wholesaler. In my opinion the REO market is a great way to get into the market at this time and you “can” wholesale these deals (there’s multiple ways to do this). If you know what to look for these properties aren’t bid up and still leave lots of room to make quick money. I do short sales also, but REO’s offer another stream of income.

    Virgil Horner

    Reply to this comment
    • Patrick

      07. Jun, 2010

      Great feedback! That is why I stated “some parts of the country are great and some are not”….

      Keep it coming and I hope to see you on our monthly PropTrackr.com webinar!

      Cheers
      Patrick

      Reply to this comment

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