I have rehabbed 4 different investment properties for resale. A bank owned home, a Raleigh, NC court house steps foreclosure, a hud foreclosure and a private mls litsted home in need of work. That was back in the days of 90-100% loans. I loved the process. It was hard work, but the feeling of improving a distressed property and getting paid well was a hook. The real estate bug bit me, especially the investment side. I went on to become a licensed real estate agent and broker. I have done a few BPO's and listed a bank owned home while working with Realty World on Salem in Apex, NC.
I have been working with Keller Williams Cary Market Center for the last year and a half, and picked up a few investor clients. I am amazed at the lack of effort that goes into a lot of the listings, and think I can do a better job. I believe that you are obligated the same to represent a bank or hud as you would be a private client, and they deserve the same due diligence. I am not seeing that in the listings I search out for my buyers. Listings do not have adequate photos, accurate information, lack measurements or detailed descriptions.
I am starting an effort to build a REO listing inventory, and become a local expert in the field. I finished a CE class in "mastering the short sale" and am a member of TREIA (Triangle Realestate Investors Association).
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