| Buying REO properties is a good way of buying | | | | electric companies, they will tell you the procedures to |
| properties at below market value. REO properties are | | | | follow to get them turn on. In most cases they will be |
| properties that are own by a bank. Most banks have | | | | turned on in less then 48 hours. Another thing you |
| REO properties and will love to sell them. Bringing REO | | | | should do when bringing a former REO property up to |
| properties up to date can be a bit more challenging in | | | | date is paint the walls if needed. It is recommended |
| some cases. One reason for this is when you buy a | | | | that if you are bringing this property up to date to sell, |
| REO properties you buy it as is. The bank will not help | | | | that you paint the walls a neutral color like an off white. |
| you with any of the repair cost if any. One thing you | | | | If you paint the walls a bright color it can turn off |
| should do when bringing a former REO property up to | | | | potential buyers. In the other case if your bringing the |
| date is get all the utilities turned on. In almost all cases | | | | property up to date for yourself you will know what |
| the utilities will be turned off. | | | | color suits you the best. |
| When you call the utilities like the water, gas, and | | | | |