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	<title>Paul LeJoy &#187; Bulk REOs</title>
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	<description>Your Real Estate Consultant for Life!</description>
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		<title>Bulk REO</title>
		<link>http://paullejoy.com/2009/06/26/bulk-reo/</link>
		<comments>http://paullejoy.com/2009/06/26/bulk-reo/#comments</comments>
		<pubDate>Fri, 26 Jun 2009 21:17:22 +0000</pubDate>
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		<category><![CDATA[Bulk REOs]]></category>

		<guid isPermaLink="false">http://bareo.info/paullejoy.com/?p=56</guid>
		<description><![CDATA[Do you know how you can start a bank? Most people do not have a clue. Well, I am not about to tell you how, although I could write a lengthy article on the subject. What you should know here is that banks are required to have $7 in reserves for every $1 they have [...]]]></description>
			<content:encoded><![CDATA[<p>Do you know how you can start a bank? Most people do not have a clue. Well, I am not about to tell you how, although I could write a lengthy article on the subject. What you should know here is that banks are required to have $7 in reserves for every $1 they have in non-performing asset. No wonder over 30 banks have been shut down thus far between 2008 and 2009.</p>
<p>Most of these banks had loaned out mortgages. So what happens to their assets when  they go down under? Uncle Sam seizes them. That’s right. Is the government in the business of holding onto homes? No way. They’d rather get rid of them fast. What’s the quickest and smartest way to do so? Bulk Sale. That’s right.</p>
<p><span id="more-56"></span></p>
<p>Private and commercial lenders alike are in BIG trouble. They all lent a mega chunk of their mazuma on speculation that home prices would keep going up forever. Well, the prices didn’t keep going up. Now they have to foreclose on non-performing assets that show no signs of recovery.</p>
<p>Good for you, the man and woman with the cash. The BEST way to quadruple your wealth in this economy is buy bulk REOs for pennies on the dollar and either hold on to them for immediate cashflow or flip them for immediate profit. Either way, you are bound to get HUMONGOUS cash-on-cash returns. You can buy these toxic assets from Uncle Sam and become permanently wealthy overnight. No kidding. The sky is the limit for you. We have seen tapes in excess of $500,000,000 even $1,000,000,000. That’s 1 with 9 zeros behind it. Can you imagine buying these for 29 cents on the dollar and then flipping them for 70-100 cents on the dollar? In fact, you can get over 100 cents on the dollar for these things. These days, everyone wants to buy an REO. I have seen buyers pay 20-40% above the retail list price. That could be a whopping 50% plus above the list price for you. Oh, my God, opportunities are just so humongous in this market.</p>
<p>Maybe you have $1,000.000 or know someone who does. You can piece your resources together and make insane amounts of money in this tremendous market. I have access to HUD and other tapes with LTVs as low as 25 cents. I have seen properties being sold nationwide for $3900 a pop. Can you imagine that? Would you know the cost of land alone is? Yet, land plus improvements are going for less than the price of a 1-week cruise to Egypt.</p>
<p>America is on sale, people. I do not know how long for, nor do you. But one thing I do know, people with the money are raking in oceans of returns on their money in this present economy while the masses are complaining, relying on Uncle Sam or their relatives to bail them out. Yes, the race is always to the savvy. My question to you is: Are you one of the savvy? Do you have $1,000,000 or know people who do? Can you form some sort of consortium and get your funds and heads together to capitalize on what’s happening today? Yes, you can make HUGE sums of money in this economy. My team and I at Pacific Realty Partners can assist you in acquiring and disposing bulk REOs. Contact me today for a free 30-minute consultation.</p>
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