| Success in real estate investing relies in finding the right | | | | offers, rather than investing more time processing |
| places and time to invest in good investment | | | | more batches of offers to wait for the great offer. |
| properties. | | | | Moreover, another set of waves of foreclosures are |
| Today, real estate investors who are wary of | | | | predicted to hit the real estate market in 2009-2010. |
| knocking on doors of highly-stressed and reluctant | | | | Hence real estate investors need to lay the critical |
| homeowners can start knocking on doors of | | | | groundwork of networking, financing, and partnering |
| highly-stressed, but willing bank asset managers and | | | | with contractors and etc. to benefit from these REO |
| their real estate agents, who are seeking to unload | | | | investing opportunities. |
| more and more REO properties. | | | | Hence, although there are several sources of money |
| The banks are increasingly becoming the motivated | | | | in real estate investing (short sales, auctions, and etc.) |
| sellers to target. Banks are beginning to recognize two | | | | the key to your success in real estate investing is to |
| things. | | | | establishing yourself as the solutions provider in the |
| First, it's smarter to first keep homeowners in their | | | | fastest growing problem in the United States real |
| homes. | | | | estate market today and that is the glut of REO |
| Second, it's better for its earnings to take a bigger | | | | properties that decreases the bank's resources to lend |
| percentage cut in selling REO properties, rather than | | | | and decreases the value of communities across the |
| keeping fast deteriorating houses in their books and to | | | | nation. |
| continue overburdening their resources with supervising | | | | Increase your REO investment knowledge to increase |
| and maintaining properties. | | | | your earnings and competitiveness ranking in the real |
| Third, it may be more cost-effective for them to | | | | estate industry today! |
| accept a good offer out of the first batch of multiple | | | | |