Hello my friends - I’m thankful to you for registering for the Bulk REO Training. I’ve sent you an email that confirms the date, time and other details for the training you’ve registered for.
Just yesterday, I spoke with our guest for the training, and I have to tell you that I’m really thrilled to get to offer this information to you. It’s a totally fresh approach to capitalizing on the troubled real estate market that we currently face.
Essentially, what you will learn is how to use the financial backing and credibility of a highly regarded Wall Street hedge fund to be able to profit from buying “packages” of REO properties.
And to do that, one of the tools you can receive is a proof of funds for $2 Million. This is a legitimate, provable letter of sufficiency that you can use in ANY PART of your real estate business - and I’ve got some ideas on some specific and creative ways to use this tool in several different parts of the RE business.
But the point of this page is to give you an opportunity to give me questions that you’d like for me to ask my guest. I don’t guarantee that I’ll get to ask every question to him, but I’ll do my very best.
So, without further delay, please tell me what you’d like for me to ask our guest who runs the hedge fund which provides the financial backing described above. Nothing is off limits - so let ‘er rip!
(Please enter your questions in the comments area below.)
SECURE & CONFIDENTIAL
27 Comments So Far»
Is the POF letter free?
If I use your funds, what is the cost to me?
If I use your funds to purchase the package, do I have to do a simulatneous close to flip it to an end buyer on the same day?
Will the training include how he wishes us to approach REO’s?
Thanks Bryan.
I have heard that the failure rate on REO bids is high. Please comment.
I guess my biggest Question is where do we get the money to buy in bulk ?
Hi again my question should have been HOW do we put the hedge fund money and the deal together so all profit ??
Is there a price range?
Do you have an Excel type of info sheet we can send to creditors to
be filled out?
Do we get a notice of receipt of information packet by the investor
and whether or not it is exceptable- i.e. complete?
Are we given a time schedule for processing and will be informed of
the outcome?
What about types of properties - commercial, condos, Sfr etc?
It appears most people do not understand that we act as bird dogs and DO NOT negotiate for these portfolios or buy for our own use, unless the fund provider allows us to pick a deal or two out of the portfolio and pay him based on what he wants after HE buys the package. Some do this and some do not…whether this funder does or not is MY question. Additonally, it appears most do not understand that this is not a course you purchase or pay to participate in. You just act as a bird dog finding “Non-performing” R.E. assets packaged in portfolios (or tapes as some refer to them.) We likely get the Asset Mgr to send us an Excel Spreadsheet listing the properties involved and then forward that to the funding source. There’s no reason to have to pay for a P-O-F letter. How fast is his response time? Does he pay upon his purchase or his sale? Does he have areas of the country he would rather avoid (like Detroit?) What’s the min/maximum size he’ll buy? Thanks, Bryan!!
Which banks are the best resources for this? How small of a bank is he looking to do business with?
Thanks
Hello,
I’m going to agree with William and say you “shouldn’t” have to pay for the P.O.F. letter.
I am wondering how much more REO training is necessary to qualify for the letter and what the cost might be…..
Guess that’s my real question.
You’re on the cutting edge Brian and keep it up.
Thanks.
William has already asked the question I have so I shall wait and read any response that is forthcoming.
Thanks for all you do for us!
If this is only a ‘bird dog type’ situation then what are the qualifying terms of all parties?(full disclosure).What is the return (profit)for non- performing assets referred,purchased and closed? How does one get involved?
thanks
I am hoping this is info that will give us info on how to purchase REO Bulk packages. If so, what criteria do you use to make your offer? Do you make your offer and then once accepted do the due diligence to see if the properties are worth the amount stated in the info provided? Or do you do that first? It seems like alot of work to have to do before an offer is accepted when it could be for nothing when all is said and done. Also, what is a good percentage to expect off the asking price?
Yes. Can’t wait. I suppose the “primary” function for us will be to “connect” our local lenders/ banks to the Hedge Fund Buyer, demonstrating confidence (with the POF Letter) that we ARE real buyers, ready to act. We gather the details of the packages available, and confidently explain to the lender that we will take these (this) to the buyer and see if we have (or can negotiate) a deal. We then get compensated for bringing the parties together (if / when the deal is done).??…My main question is…is it likely that there is many other hedge funds/ investors bidding for these packages?…and does this drive up prices of the packages (bidding war)?…and if so, so be it, but assume we will know (learn) why they will (should) choose us as their “preferred” buyer. (USP)
Say I have a bulk REO package that the bank is asking 1.5million.
If the buyer gets it for 1.3 after negotiation, where’s the middle man (all of us asking questions), get his share from? The next transaction? A set fee for finding the package? Interested in finding this out.
Sounds similar to J. Alexander’s Asset finder program, which caught my attention, but I did not give the in depth training this seems to promise. This Advance Q&A has me hopeful.
What about the talk of the government buying “toxic loans”. Would that affect this program?
FYI - this program is not at all similar to Alexander’s program. Not even vaguely similar. — Bryan Ellis
What is the typical percentage to the individual and can the individual pick & choose ‘one offs’ of the bulks?
I have a few questions and a statement!
First, Thanks so much for giving your followers this opportunity.
My questions are………
Is there a fee for the proof of funds letters he offers?
Does your partner offer the REO bird dogs a percentage or a flat rate for finding the deals?
What is the success rate of us getting the banks to talk to us?
How soon can your partner close a deal and how soon does he pay his bird dogs?
How can I get bulk deals at 10 cents on the dollar from my local banks ?
Hi - great site Bryan, keep it up.
My question I would like for you to ask is after the webinar, what are the first action steps I can take to get started?
Regards,
Eric
Is this going to be a one time deal for a maximmum amount of $2.0 Million?. Is there a limit on the number of people working on finding REO packages for the the same available funds?
See you at the Bulk REO Training Webinar.
Thank you
Theare
Some capital investment funds have buyers to whom they flip the assets. Does this program have ready to go exit strategies? Can investor enter into a NCND or referral agreement prior to introductions?
This sounds like *** **** **** program. Is it in fact? I like the overall idea. The ***** pay to play is fair as it seperates the men from the boys. In addition to the on hands training you get along with the contacts you can make. Looking forward to the webinar. Anyone considering this should already be looking for troubled assets.
That’s good advice
— Bryan Ellis
I have access to asset managers is the hedge fund serious with a valid pof or generic and how are we truly protected? busines is never personal!
I’m very much interested on the financial backing on deals. How fast is or how many days or hours is the fund? Thanks and good day!
I assume there will be aminimum and maximum for dollar amount as well as units. Is this for commercial and residential?
Looking forward to he call
Is this restricted to certain parts of country
Why wouldn’t a bank (or all banks) just contact a hedge fund manager themselves and cut the “bird dog” out of the equation?
The banks are more adept at this than any bird dog participant. It would seem the simple logic would be for the banks to have a “marketplace” they can go to and let all interested hedge funds bid for their packages directly.
Conversely, why wouldn’t all the hedge funds send a simple form letter to the appropriate bank official indicating the hedge funds desire to purchase their REO packages?
I would think “the market” would be much more fluid than waiting for individual bird dogs to find deals, when they could just communicate directly.
Great site Bryan.
Rob
Wonderful. I see the potential in this, but I am reluctant to pay $1500 to have access to this guy. I am licensed in a few areas and competent to understand this the first time. I’d like to see a legitimate offer be made without requirement of payment. If there is a requirement, it should be that one could pass a competency test and assure that there are not twenty questions played every day.
I’d bring him packages if I was assured of payment and I did not have to pay to play. I’d rather join forces using my own model which could outperform this model and best of all outperform ALL of the bama’s rescue plans.
Your opinion seems very reasonable. I’ve changed my opinion on some things too - and I now think that before you purchase a program just because somebody is offering you a proof of funds, you should FIRST verify the terms of the proof of funds (demanding a sample letter) and demand evidence that they are closing deals with regularity. — Bryan Ellis
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