With REO properties flooding the market, is it time for you to add them to your real estate investing business?
The simple answer is yes! The fact is, REO properties make up the majority of “REAL DEALS” in this market and you need to be taking advantage of this great opportunity.
Here are 5 reasons REO properties are the way to go!
- Bank Has Already Taken Loss
First and foremost, if the property is an REO, then the bank has most likely already gone through a lengthy and expensive foreclosure process and hasn’t seen a nickel on the properties for the last 1 to 2 years. Long story short, they have already conceded and taken the majority of the loss. Their main focus now is to simply get rid of the property as quick as possible.