| REO properties are proving to be the true deals in our | | | | can also prove to be costly as well. Yes, you can get |
| current market. Why? The banks have already gone | | | | some comparables off free internet sites, but they will |
| through the expensive foreclosure process and are | | | | not be as accurate or as timely as what your local |
| simply looking to get rid of the property; which can be | | | | Realtor resource can provide. If you are doing any |
| a very good thing for you. | | | | level of business or considering doing business, you |
| One of the very best resources you can have to help | | | | need to know your areas and values inside and out. |
| you grow your REO investing business is an | | | | Other Resources |
| experienced REO Realtor. Below are 5 ways you can | | | | Realtors are also great for providing you additional |
| utilize REO Realtors to help not only grow your REO | | | | resources and contacts for your business. Need a |
| investing business, but also do a lot of the work for | | | | good appraiser, they probably have one. Need a good |
| you. | | | | inspector to help you determine the cost estimate to |
| REO Hot List | | | | rehab a potential property, they probably have one. |
| Realtors are a great resource to help you create lead | | | | And if they don't, they most likely know someone who |
| generation tools for your business. One of the very | | | | does. This can certainly make your life a little easier! |
| best lead generation magnets for attracting REO | | | | Deal Partnering |
| buyers is a REO Hot Properties report. Consider this | | | | Many Realtors, and certainly one that is educated and |
| the grand slam of all lead magnets! | | | | works the REO market, may already be investing in |
| And one of the greatest things is that most MLS | | | | REOs themselves and could turn out to be a good |
| systems; which most Realtors are subscribed too, | | | | business partner as well. Perhaps you find an REO |
| makes it very easy and almost effortless for them to | | | | deal that would make a great rehab but you don't |
| provide this information to you. And even better, it cost | | | | want to do all the work yourself. Maybe a rehab is a |
| you nothing. They can simply add an automated | | | | bit much for you to bit off yourself. Well, they could |
| search in their account which will send you REO listings | | | | turn out to be the difference maker and even be the |
| each and every day; right when they come on the | | | | missing piece that makes the deal work. |
| market. Talk about getting them while they're hot! All | | | | Referrals (Marketing Fee) |
| that's left for you to do is put the properties into a | | | | When marketing for REO buyers, i.e. building your |
| simple weekly or monthly report and your lead | | | | buyers list, you will come across some buyer leads |
| generation magnet is ready to go. | | | | that you simply have nothing to offer. You could also |
| Comps | | | | collect a marketing fee and pass these leads on as |
| Realtors also have easy access to provide current, up | | | | well. Just be careful and make sure you know your |
| to date comps; which can be very beneficial if you | | | | local laws and that you are following all the rules. |
| don't have a service you are using. These services | | | | |