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Foreclosure Forum |
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What's working now....In Reply to: Few deals that make sense. posted by bob on July 18, 2003 at 5:45 PM : Ward, : Are you finding it very difficult to find lucrative deals in the So Cal markets. How many deals are you purchasing per month? It seems as though many people are attempting to become real estate investors and there seems to have been a big increase in real estate trainers. Similar to what happens to the number of RE licensees in a hot market. Bob, What’s literally dead right now are the foreclosure auctions and the post-sale REO market. What’s working now is the pre-sale market and the junior bene buyout market. The equity buyout or pre-sale market is consistently producing one to two deals a month for a full-time pro at about $20K net per deal. Some of our trainees have reported monster deals to us in the last month, but they tell us they don’t expect to do that kind of profit on a regular basis.
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