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What Are Bulk REO’s and the Advantages of Investing in Today’s Market?June 14th, 2010 In 2008, the U.S. fell into one of the worst recessions in history, resulting in a rise in mortgage delinquencies and foreclosures. Fortune Magazine stated, “Between 2006 and 2016, 10 million Americans will become millionaires created because of the recession…are you going to be one of them?” In this economy, the opportunity to be a millionaire is yours, if you become a Bulk REO (Real Estate Owned) investor. Bulk REO’s are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. Everyday people can benefit from this new real estate concept because banks no longer want the “financial headache” of paying property taxes, hazardous insurance, utilities, and maintenance costs attached to these distressed properties. Banks, and other lending institutions, are not in the business of managing properties. They provide hard money (aka cash) and credit to clients; therefore banks have no financial gain by having properties on their books. Now, you have the chance to buy these bulk REO’s at a fraction of the cost. Traditionally, after a property becomes repossessed and classified as REO (Real Estate Owned), the bank will attempt to resell the property to the public on its own, or solicit the services of an REO Asset Manger. The problem in this economy is the overwhelming number of foreclosed properties, compelling banks to seek non-traditional ways to get rid of their “toxic assets”. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. This creates tremendous opportunities for you to become one of the new millionaires in this recession. It may not happen overnight, but in today’s market, Bulk REO investing can be extremely profitable. In addition, Bulk REO’s are affordable-with prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other. Rush Capital Fund, LLC is a private investment fund which acquires portfolios of performing and non-performing mortgage notes, and Bulk REO assets from banks and other financial institutions globally. The mission of our fund is to acquire distressed real estate portfolios from lenders, servicing companies, and other financial institutions for below market value; and then re-sell at sub-wholesale prices to investors. Rush Capital Fund, LLC was founded by Kenneth Rushing. For nearly a decade, Mr. Rushing has been involved in hundreds of real estate transactions resulting in over $65 million dollars in sales. If you are a buyer, can provide verifiable proof of funds, and can close quickly, please contact us at (813) 675-7040 or Grace@BulkReoTrader.com. We only sell what our partners and I own. Only serious inquires. |
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