Susan Lassiter-Lyons – Bulk REO Secrets

Susan Lassiter-Lyons – Bulk REO Secrets

Price: $192

Are you starting to see big picture here? There are plenty of individual investors and investor groups who want those bank-owned assets… but where are these banks?

Now, some people will point you in the direction of the big banks such as Wells Fargo or Chase.

And that’s a BIG mistake.

Because the big banks not only require 6-figure deposits just to SEE their REO lists, they also have an “asset disposition” process in place.

Which is just a fancy way of saying they have partnered with nationwide real estate brokerages like Keller-Williams to list and sell their REO.

And we want the UNLISTED deals, remember?

So where are they hiding?

At portfolio lenders.

Those small local and regional banks that keep their loans in house instead of securitizing them and selling them off into the secondary markets.

And the good news is that there are thousands of these small banks all across the US – hundreds in every state.

So… how do YOU make money as a wholesaler or rehabber? It’s actually quite simple.

There are 2 options. You can Buy bulk REO portfolios and keep them for yourself as a long term investment…

OR

You can flip them to larger investment groups, investors, and hedge funds.

YOU decide which avenue is best for you to make the kind of money you want to make. It’s that simple.

Let’s break this down just a little bit more.

I’m going to show you how to get direct access to the deal-makers. You’re not going to waste a minute in any kind of “daisy chain” or dealing with people who have no clue.

I don’t waste my own time, and I’ll show you exactly how to cut to the chase so you don’t either.

We’ll stay far away from the “brokers & jokers” and concentrate on getting the deals done.

One step is learning a “new language”…

Don’t worry, it’s actually simple and very easy to understand, but knowing it will make you sound like a player… exactly the kind of person that the banks want to deal with.

First new word: NDA

An NDA is a non-disclosure agreement. Every seller of bulk assets will ask for one before they ever show you their inventory.

Remember, you’re dealing with unlisted inventory that they’d otherwise like to keep under wraps.

Next is: LOI

The letter of intent is a letter that you submit to the seller that includes your preliminary offer.

The LOI is non-binding, so your plan should be to submit a lot of them. A lot!

Last: POF

The Proof of Funds is a letter that you submit to the seller letting them know that you have cash or transactional funding backing you.

I’ll show you in a minute how you can get a $1 million dollar proof of funds letter from my lender for free…

Or… If you decide you just want to introduce your seller to your buyer…

You arrange for a MFA – which is a Master Fee Agreement. You have the buyer sign it as a certification of their intent to buy.

You then present it to the seller; that’s how you get paid. It stipulates your fee and lets the seller know you’re to be paid out of the deal proceeds.

Make sure you ALWAYS get your MFA signed by your buyer before you reveal the deal.

This is your protection. Once your fee is negotiated and agreed on, you just introduce the buyer to the seller and let them negotiate with each other directly. And, you pocket the check.

The last piece of your new language is “the tape,” and it’s really just an Excel spreadsheet that has a list of all the non-performing assets that your lender has on hand. It’s just as simple as that.

I’m confident that armed with my proven strategies – anyone (including you) could quickly set up and grow their ownsuccessful Real Estate Career by investing in Bulk REO!

Here’s the thing, the first time I did a bulk REO deal… I flipped the package to an investment group and made $32,000.

The government doesn’t think that result is “typical.”

In fact, I can’t even show you a copy of the wire transfer confirmation.

The government doesn’t think anyone ever takes any action so they don’t think anyone will see results.

And to be honest, you’re the only one who can answer that question. You see, if you do nothing and ignore this opportunity, I can GUARANTEE you will make nothing.

It’s not a magic trick.

Some people are simply not willing to pick up the phone and call banks to talk to asset managers.

Some aren’t willing to follow instructions.

Or, aren’t willing to give up a few hours a week to create a new business, or add a lucrative new profit center to an existing one. That’s up to you.

You Can Take Me Up On This Offer, Or You Can Go At It By Trial And Error, Like I Did.

But, if you want to take the shortcut to avoid all the rookie mistakes that I’ve made… and learn directly from someone who has the million dollar portfolio to back it up… then, now’s the time.