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.
Answers
In short, you don't. Real Estate Investing, of any flavor, is considered a high-risk venture, more often than not.
Are you wanting to fix & flip, or buy and hold.
There are a share of lenders that specifically focus on REI. I'll drop you a PM.
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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