We were recently contacted by a hedge fund here in Florida (sorry, we cannot specify the name) to both source properties for them, and to send them our listings that meet their purchase parameters.

We went immediately under contract on a property - all cash, short inspection period.

These funds (there are about 5 in Florida right now) are serious as it gets, and have an aggressive purchasing program.

Another fund bought one of our listings in December - 98% of list, all cash - but we didn't know it at the time , as they used an LLC as a buyer.

You can also scout out properties on the MLS, and they will make offers on the ones that fit their parameters---then you get the buy side commission.

How do you find them? Here's how.

We are presenting the Default Solutions Network to them next week, and to another fund shortly thereafter, as a resource to find agents and brokers to source property aquistions. 

Agents/Brokers, if you are located in Florida, Arizona, Nevada,CA or Texas, you are invited to join using Option 3 free registration.  We are limiting this to approximately 25-50 brokers in each state - so we can have a large enough network for it to make sense but small enough so everyone makes money.

This is legit - we are increasing  the size of our network to accomodate a real need for brokers and agents.

We are also meeting another fund in late March - and results should be the same.

You could do it the hard way - and google everything - then try to contact firms - I tried that until I was contacted directly by them. 

This isn't a way to get listings - it is the way to quickly double end your deals - all cash - and have no doubt the funds are behind these guys.

Or source MLS properties - it's like having an automatic all-cash buyer for any property that fits the buying parameters.

There is also a rental referral program for you clients that can't get a mortgage - it works like a lease option and you still get paid for the referral.

www.default-solutions.net

 

 

 

You need to be a member of REO Pro Network to add comments!

Join REO Pro Network

Email me when people reply –

Replies

  • Had another meeting yesterday morning with the Aquisitions Manager for Tampa Bay, here's the update:

     

    -Agent/ Brokers are needed IMMEDIATELY in Central and West Florida. (Tampa, Lakeland. Orlando, etc) 

    -Aquistions Managers in ALL OTHER states are actively using Default Solutions Network to find agents/brokers, especially in AZ, TX, Chicago(new area), NV,and CA

    If you previously applied--make sure your profile is up to date(with photo), and list all your zip codes - after zip codes, list counties.  then login again and search for yourself as if you were an asset manager - fine tune your profile so it shows up every time for your area.

    www.default-solutions.net

    Register with option 3 if you want free membership, paid gets priority(top of the page in search results) but right now am more concerned with getting complete coverage in all 50 states, than in generating revenue to support the network.

  • If you registered for Florida, please watch your email tomorrow for instructions on contacting the Aquisitions Manager direct.

    Please only send one email with the subject line to read "Florida REO Agent/Broker Referral - Default Solutions Network"

    We met them today to finalize everything, and they will be expecting the email. If not yet registered, go to www.default-solutions.net  and use option 3.

    California, Nevada, Arizona, and Texas agents/brokers, you will recieve the same email with contact info. 

    Use subject line "(your state) REO Agent/ Broker Referral - Default Solutions Network" and your info will be forwarded to the Aquisitions Manager in your area.

    Please do not send more than one email. The company name and program details will be outlined in the email being sent tomorrow.

    California, Nevada, Arizona,Florida and Texas agents/brokers may still register at Default Solutions Network 

     

  • Agents - that registered for AZ, NV, CA, and TX at http://www.default-solutions.net, please make sure your zip codes and profiles are complete, thanks for your participation.  Photo/headshot has also been added, it will make your profile stand out.

    We still have room for registration in South and Central FL, and in Nevada -- this is a free registration, use option 3 please.

    http://www.default-solutions.net

This reply was deleted.