Bulk Foreclosure Deals L.L.C. provides discounted homes that produce residual income. Take this opportunity and invest in discounted real estate assets during the foreclosure boom, the market is low and the time to buy is now!
Investors whose trust is no longer with the banking and stock market industries are purchasing at an all time low. During these tough economic times savvy investor's and investment firms are making large profits because they are locating and taking advantage of the financial opportunities that are available in today's enviroment.
Our Philosophy - What We Believe
Bulk Foreclosure Deals adheres to the philosophy that we are in a true business partnership with our clients. We understand that what is best for our valued partners is also best for us, we want to build long term relationships. With a history of success, we assist our partners in stabilizing internal operating expenses, maximizing recovery, and minimizing holding time on non-performing assets. We are dedicated to providing superior service through knowledge, expertise, integrity, professionalism, responsiveness, and flexibility.
Why Work With Us?
Bulk Foreclosure Deals is a supply side wholesaler of bulk REO product. Designed specifically for both institutional and private investors, we are strategically situated to meet your purchasing needs.
Our firm provides all aspects of residential and commercial REO product to include:
*Quit Claim Deed and Warranty Deed Product for assets from low end sub-prime product.
*Non-Performing note portfolios.
*Custom compiled higher end REO packages in select regions / nationwide.
Our company is direct to floor traders for major banking institutions and we are positioned to sell our in-house product and to broker larger purchases for our clients.
We have come across a Great Investment Opportunity to obtain Bank Foreclosed Properties direct from the Servicer. These properties are primarily located in the Midwest and nationwide where the greatest opportunities are for a strong return on investment.
You can purchase (in bulk) properties from $9,500.00 to $12,000.00 with an average of $10,000.00 per house for a single family unit. Each bulk package averages between 1 and 50 homes. This is a great way to acquire properties for your portfolio.
Some options for you to handle these properties are:
1. Buy and hold (most cities require an occupant, we can help with this placement)
2. Buy and Sell (find a new buyer for your properties)
3. Utilize a turn-key approach.
We have contracted with a company that will:
1. Sell the homes on a land contract to a new buyer
2. Service the loan (where you are the bank) for a monthly fee of $75.00 of the monthly (average $385.00) payment. .
3. With less than 3% of a default rate, the typical contract includes an average sales price for $ 44,000.00 at 10% interest and a 30 year amortization.
Please note that we have seen through historical data (since this opportunity has arisen), that a low percentage of homes need additional investment in repairs, past due utilities, past due taxes, and maintenance to prepare the home for tenancy. Also note to any brokers if you have a buyer must have escrow information for buyer ready to confirm!
Please note the necessary timelines to perform on an offer to purchase once you have received notification of an available property list. You will have approximately 5 days to decide if you would like to purchase the properties, and will need to execute a cash transaction within the following 24-48 hours.
It is imperative that once you decide to proceed on a purchase, the contract is performed. This allows us the ability to maintain our great reputation with the Servicers, and pay the lowest price for each block of homes. The purpose of this offer is to begin to expand our opportunity in obtaining quality blocks of properties.
We hope to build lasting relationships of repeat business partners, by which we are compensated through low margins and high volume. Our business model allows you, the investor, the opportunity to call your shots or use the existing plug and play approach.
Our partnerships are designed to give you the ability to cash flow a property and have your initial, principal investment repaid within an average of 24-30 months, while providing a valuable humanitarian service to many families displaced through the fall of the mortgage markets and the local economies.
The possible return on investment exceeds $50,000.00 (average) per home should the contract be carried for the full thirty years.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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