reoboom.com - Latest Comments

Re: TABLE OF CONTENTS

Sarah Jackson — Sun, 29 Mar 2015 11:43:41 -0000

The book states to download the proposal here. However there's no proposal. How do I get a copy? This was the reason I purchased the book. Please advise. Thanks..

Re: FREE CHAPTERS

Sarah Jackson — Thu, 26 Mar 2015 20:48:42 -0000

After reading the book. It states to download the proposal here. However there's no proposal. How do I get a copy? This was the reason I purchased the book. Please advise. Thanks..

Re: FREE CHAPTERS

Miori — Fri, 20 Jun 2014 13:38:18 -0000

Educative book. Thank you for the free stuff.

Re: 90 day action plan

JJ — Fri, 13 Dec 2013 21:25:53 -0000

hi! I downloaded the bonus package but I still can't see any new updated REO bank list, please advice .

Re: reo brothers

Tim — Tue, 13 Aug 2013 16:18:10 -0000

Reading the book now. I am looking into real estate investing and various other forms of investing when I came across your book. I have one question, to get inro REOs is real estate license required? Can your average Joe that reads your book and has some money go out and do this without a license?

Thanks

Re: reo brothers

GilAviles50 — Tue, 11 Sep 2012 11:47:41 -0000

Hi there.

I am enjoying reading your book. Lots of good info. Please let me know where can I get a sample of the REO proposal mentioned on page 57 of your book.
Thanks.
Gil Aviles. Aviles Real Estate Brokerage

Re: 90 day action plan

Aram Shah — Thu, 07 Jun 2012 20:08:24 -0000

Hi Dee. click on this link to download
http://reoboom.com/bonus/

Re: 90 day action plan

Dee — Thu, 07 Jun 2012 18:07:42 -0000

In your book, it says to register on your site to download the latest copy of Free REO Bank list? Please advise.

Re: Blog

Aram Shah — Sat, 10 Mar 2012 13:17:28 -0000

Hi William,
REO stands for "real estate owned." It is the bank's real estate owned department that takes back foreclosures from home owners and sells them back on the market. They look for REO agents in local markets to help them.

Re: reo brothers

Aram Shah — Sat, 10 Mar 2012 13:16:26 -0000

Hi Jeffery,
absolutely you can get going on a shoe-string budget. The reason is leverage. Once you obtain a bank contract you have all the Aces. You get "terms" from your vendors which we call OVM (i. e.rekey, fix up, contractors, etc) and you find a broker willing to give you a high commission split (>85%). The basic $1,000 is your start up costs such as lockboxes, digital camera, VOIP number, MLS dues, etc. Remember the 90/10 REO Rule from chapter 1 where it takes 90 days to ramp up till you acheive 10 listings then your cash flow kicks in and you are bankrolling your business? The seed money is nominal for the returns. That is the beauty of the business!

Re: reo brothers

Aram Shah — Sat, 10 Mar 2012 13:09:43 -0000

Many banks have attempted now to offer current residents rental options and possibly purchasing options at the end of their lease. If you are a tenant where your landlord got foreclosed on then the bank will continue your lease and offer you an option to purchase. You an receive an FHA loan with as little as 3.5% down or a Fannie Mae Homepath loan which doesnt require an appraisal or mortagage insurance if you are putting less than 20% down.

Re: reo brothers

Aram Shah — Sat, 10 Mar 2012 13:07:42 -0000

Hi Christopher,
depends on when you see it. If the bank choses to sell the REO as-is it will be just that. Many times these homes are not repaired, they have holes in dry wall, bad carpets, etc. Other times you will see homes that the banks took back in their inventory that end up being fixed up as they are brand new but beware the "as-is" versus "repaied" will most likely be reflected in the listing price

Re: story

Aram Shah — Sat, 10 Mar 2012 13:05:22 -0000

Liz, when buying an REO many condo's will have past due HOA fees that were not paid. Bank require their listing agents to order estoppels to find out what is owed and how much so they can negotiate and pay off the liens before the sale so they can provide you as a home buyer with free and clear title with no liens subject to your mortgage of course if you have one.

Re: MULTIPLE OFFER MONSTER (MOM)

Aram Shah — Sat, 10 Mar 2012 13:01:59 -0000

Jacob,
very simple. They require listing agents to presen to them ALL offers. They then chose the Highest & Best. Things gets sticky during the 15 day home buyer protection period and when there is a MOM sitatuion (i.e. more than one offer on a property)

Re: MULTIPLE OFFER MONSTER (MOM)

Aram Shah — Sat, 10 Mar 2012 13:00:05 -0000

Hi Harold. MOM is what we coined "multiple offer monster" and its the process that home buyers and agents go through when a "highest & best use" situation arrises. It gets very muddy and a lot of shady tactics goes on and its imperative that all home buyers and real estate agents know the rules to the game of the dreaded MOM

Re: 90 day action plan

Aram Shah — Sat, 10 Mar 2012 12:57:28 -0000

Hi Jack,
yes banks require you to submit each and every offer. This is best practices and a must do to avoid losing your MLA contract.

Re: story

Aram Shah — Sun, 12 Feb 2012 15:14:52 -0000

Marcin,
the link is www.reoboom.com/bonus. type in your email and it will show up. take care!

Re: story

Aram Shah — Sun, 12 Feb 2012 15:14:16 -0000

Hi Marcin. the link is www.reoboom.com/bonus
enter your email and it will pop up. take care!

Re: story

Aram Shah — Sun, 12 Feb 2012 15:13:24 -0000

Marcin

Re: story

Marcin_BodyRocker — Sat, 11 Feb 2012 23:34:17 -0000

The link for the bonus doesn't work. And I doubt you will reply here anyway...

Re: HOW TO VIDEO’S

Anita Dahal — Mon, 30 Jan 2012 13:29:38 -0000

finally videos are playable

Re: HOW TO VIDEO’S

Reachew — Sat, 28 Jan 2012 04:32:13 -0000

How come your videos are non-playable. There are no response when I click on any one of them?? Please correct, would love to learn more. Thanks

Re: DOWLOADS FOR MEDIA

Sonya — Mon, 02 Jan 2012 18:02:38 -0000

What are Real Estate agents doing to survive in THIS market?

Re: DOWLOADS FOR MEDIA

Benjamin — Mon, 02 Jan 2012 18:01:05 -0000

What are the steps involved in finding an asset manager whom I can list/sell homes for? (i.e. become a foreclosure listing agent).

Re: DOWLOADS FOR MEDIA

Patricia A. — Mon, 02 Jan 2012 18:00:00 -0000

Is it possible to jump into the REO listing business now?