I added new sections in my course “How to Pyramid Your Equity to Create Wealth and Financial Freedom” (at http://bit.ly/pyecw-1) that explain how to wholesale Bulk REO and Non-Performing Notes. You can watch a tutorial video at YouTube by clicking here.
If you are having trouble wholesaling one property at a time, then how about wholesaling 10, 20, 50 or more at a time? The discounts are deeper, because you are buying in bulk.
Most folks are unaware of the very deep discounts for non-performing notes (NPN). Banks, credit unions, and other lenders are holding non-performing notes and they desperately want to get rid of them, because they don’t want to foreclose on the distressed property. You can gain control of the property by acquiring the NPN.
These are the best “off market” deals. I explain how to find the best buyers for these deals and how to wholesale these deals to your best buyers. I provide an analysis spreadsheet and the mail merge templates for creating a Letter of Introduction to send to note holders, a Letter of Intent, a Master Fee Agreement (to guarantee that you get paid), and an Opportunity letter to present the opportunity to your list of best buyers.
My course explains how to wholesale these deals with no money or credit of your own, and how to stay in the deal to get paid on the back-end after the property is repositioned and the recast note is redeemed. Need Proof of Funds (POF)? I explain where to get the POF and how to arrange the closing.
There are several Guru selling this kind of information for hundreds of dollars, yet I include my information in my low-priced course. I don’t want the price to be a barrier to your financial freedom from economic slavery.
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