BULK FORECLOSURE INTRODUCTION
August 23, 2008
Several individuals who make up bulkinvestorclub.com have over 40 years of real estate experience. With expertise in rentals & flips to real estate education, I guess you can say that we’ve been around the block a time or two. Therefore we understand what it takes to make it in real estate. We also understand a good opportunity when we see one.
There are a lot of individuals out there claiming to have direct connections to bulk foreclosures, either buying or selling. We have found however that most companies & individuals making these claims are nothing more than middlemen. The same packages seem to be shopped repeatedly by these imposters promising this or that. Therefore, we know how difficult it is for buyers to find credible and genuine packages. We strongly discourage and hope to help rid this rapidly growing industry of these imposters.
THE BANKER’S NIGHTMARE HAS TURNED INTO THE SAVVY INVESTOR’S DREAM
Banks have already tried to sell these homes several ways, listing them with local realtors and through public auctions. It’s important to remember however, that banks are in the money business, not real estate. Banks often borrow money from other banks at low interest rates and then lend it out to people like you and I on credit cards, auto loans and mortgages at slightly higher interest rates making their profits on the difference.
When banks have a high rate of homes sitting vacant, accruing tax and insurance liabilities it not only makes their books look bad, often making it impossible for them to borrow more money, it also means they are no longer making any profits on the money they have already lent out. This forces banks to make decisions they otherwise would not, they often have to act quickly or go out of business. While banks are struggling to stay afloat, they are forced to offload tremendous amounts of inventory in bulk packages through approved buyers.
A MILLIONAIRE’S GAME NO LONGER
We are an approved buyer with 4 of the nation’s top 10 lenders and banks. Most packages are so large that it can cost from hundreds of thousands of dollars to hundreds of millions of dollars. Therefore it is generally cost prohibitive for the average investor to get involved.
BulkInvestorClub.com has three major areas of focus:
1. Obtain packages, clean up any title issues, for example, back taxes & utility bills. Then we break that package down into individual homes and offer them for sale, as is, to the average investor.
2. Do all that has been stated above but in addition to offering individual properties, we also offer our management service to help get your homes occupied with either a tenant buyer or ‘Section 8′ renter. (more details on our recommended management process can be found by fill out your application at www.bulkinvestorclub.com)
3. Since we are already an approved buyer for several large banks let us be your foot in the door to gain access to full bulk packages.
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