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How do I approach banks about buying properties in bulk?

Veteran

Paul Palmer Lenoir, NC

I'd like to further my real estate investing endeavors by approaching banks to purchase bulk REO's but I'm not sure who or how to approach them. I have some funding sources but lack the purchase opportunities. My target market would be Charlotte, Raleigh and Greensboro NC. Thanks for any assistance you can provide.

8 August 2020 1 reply Networking

Answers

Advisor

Jeremy Serwer Woodstock, CT

Hello Paul,

While I've been in real estate for many years, I haven't done any REO work. However, it seems to me you could somehow reach out to Bank of America corporate in Charlotte (heavily based there) to find a Vice President in charge of the REO division. Could be a good place to start, and you could do this for any bank/lender holding REO's.

Good luck!

JS

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