Buying REOs in Bulk

Does anyone have any contacts for buying some reo's in bulk. I have a cash investor that would like to purchase numerous proeprties.  I have asked all of my asset managers and none of them are able to give me any guidance.

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  • Suggest you ask for proofs like bank statements. Many investors want to low ball.
    Banks will not touch such small dollar acquisition. In California it is like buying a couple of homes.

    You do better at auctions if you client trusts your judgment. Out of 10, some are in very good condition and some needs repairs.
  • How many do you consider "bulk"?
    • a few million dollars worth, but I will get more specifics if that will help.
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