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10 Million+ $ REO purchase opportunity

10 Million+ $ REO purchase opportunity

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Old 10-31-2007, 05:39 AM
listwithgold listwithgold is offline
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 Location: Philadelphia
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Default 10 Million+ $ REO purchase opportunity

I have a "partner" that I am communicating with concerning finding a buyer for a large qty of REOs from a Trust Fund in NYC.

Here is the breakdown:

1. I am looking to find a buyer of roughly $10 million dollars worth of REOs in ONE HIT.
2. The sale MUST be completed before 12/31/07
3. The buyer MUST be able to prove they have access to the $10 million (no hard money)
4. The buyer can choose the property location (ie: Philadelphia, NJ, etc)
5. The properties are estimated to be SOLD @ 45% of CAIV (Current As Is Value ....not ARV).
6. Buyers must be willing to pay a 2% Broker Fee to me & my partner @ time of closing.

Note: This is NOT a one time opportunity. They will be selling batches in 60-90 days periods, all over the US.

Let me know ASAP if you have anyone that may be interested or have more questions.
__________________
Michael G. Lirones
Broker/Owner
Gold Realty Services, LLC
1616 Walnut St, Suite #816
Philadelphia, PA 19103
Phone# 215-510-9767
Fax# 215-359-1986
www.ListWithGold.com
"List with Gold, consider it sold!(tm)"
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  #2 (permalink)  
Old 11-05-2007, 08:41 PM
ppb100 ppb100 is offline
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Default Regarding REO's

I have several groups that I am working with that can provide LOI's and POF's to prospective qualified compilers/sellers for all ranges. please contact me with regard to any potential opportunities.

Paul Beyl
ppb100@gmail.com
(858)6881077
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