Share this page!

Trev Profile picture
Twitter logo
Jul 23 • 14 tweets • 5 min read
They say millionaires are made in the recession. I made my first M the last time around through real estate.

Im going to teach you how to do it this time!

I have a personal list of 21 REO (Bank Owned) Property Resources for you to prosper from. Here are my top 10:

#AThread 🧵
BANK OF AMERICA
foreclosures.bankofamerica.com
Bank of America is the second largest holder of mortgages in the US.They can’t help be motivated to sell their huge inventory at a discount.This is a very good source for bank owned single family houses
WELLS FARGO
reo.wellsfargo.com
Wells Fargo Bank is the largest holder of mortgages in the US. Here is the big elephant in the room. Since their merger with Wachovia, no lender or bank holds more potential mortgages which could default
CITIMORTGAGE
citimortgage.res.net
CitiMortgage is the third largest holder of mortgages in the US behind Bank of America.This is a very good source for bank owned single family houses
HOMEPATH
homepath.com
HomePath is the foreclosure distribution arm of Fannie Mae. Fannie is the largest holder of bank owned real estate in the US.
Countrywide is where I go for deeply discounted properties across the country

countrywide-foreclosures.blogspot.com
THIS GREAT HOUSE
thisgreathouse.com/homes4sale.htm
This smaller Metro Atlanta asset manager consistently has homes to sell at deep discounts daily. If you like the Southeast US, this is your site.
HOMESTEPS
homesteps.com/featuresearch.…
HomeSteps is the foreclosure distribution arm of Freddie Mac. Freddie is the second largest holder of bank owned real estate in the US.This is a very good source for bank owned single family houses.
HSBC BANK
us.hsbc.com/1/2/home/perso…
HSBC Bank N.A. is one of the larger national holders of mortgages in the US.You will find plenty of units which make good buy hand hold properties or flips
REOEXPERTS
reoexperts.net
REOExperts is one of the country's leading full service REO service providers.
HUBZU
hubzu.com/portal/home
Browse thousands of homes from coast to coast. This is a bidding platform so stay on your toes
Here is the link to the full list of 45+ promiselandrealtyllc.com/product-page/r…
CHASE BANK
servicing.chase.com/reo/property/
Chase Bank N.A. is the one of the larger holders of mortgages in the US.They market properties at discount prices across the country. This is one of@my favorite sources for bank owned single family houses.
REGIONS BANK
realestate.regions.com
Regions Bank N.A. is one of the larger regional holders of mortgages in the Southeast US. You will find plenty of units which make good buy hand hold properties or flips.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Trev

Trev Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @promiselandrei

Trev Profile picture
Jul 21
A couple 💎s to drop down to y'all today: countrywide-foreclosures.blogspot.com

Economic effects of the housing bubble (crash) as a result of years of loose monetary policy. There are plenty of discount foreclosure properties to be found here. Eat!
WILLIAMS AUCTION
williamsauction.com
Williams & Williams conducts real estate auctions worldwide.To view auction listings by state, just go to the site and click a state name. It is just that simple.
REALITY BID
realtybid.com
With more than 104,223 properties offered.
Read 14 tweets
Trev Profile picture
May 26, 2020
7 Good Side Hustles in the Real Estate Field
(A Thread) #30DaysofThreads #GotTheGameFromTrev

1. Virtual Assistant
2. Content Creator/Real Estate Blogger
3. AirBnB Manager
4. Wholesaling
5. Part-time Real Estate Agent
6. Referral Fees
7. House Flipper
1. Virtual Assistant -

VA's dont ever have to meet their clients in order to make money. They just do all of the tasks that the client is too busy to do themselves. These tasks would consist of:

- Manage appointments
- Sending emails
- Updating Lists
- Cold Calling
2. Content Creator/Real Estate Blogger

You can make money writing a blog. Start your own blog our earn from an existing blog that pays writers. Good if you are passionate about real estate and/or writing. Time investment to making an income on the side.
Read 8 tweets
Trev Profile picture
Jan 24, 2020
Seller Financing -
Means you're borrowing money from the seller instead of a bank, making monthly payments to the owner instead. Also "owner-financing" or "purchase-money mortgage".

This is one of the easiest and least costly ways to finance a property.
For a seller to carry a first mortgage, they must own the property free and clear. When a seller carries a 2nd mortgage they are aiming to get the property sold quickly.

Some sellers have never heard of this type of financing or have never considered it.
Although this move is fairly simple, you may need to educate them on the benefits. Next, the buyer and seller agree to interest rate (if any), terms, and conditions. The agreement is then signed by both parties and submitted to a closing attorney.
Read 7 tweets
Trev Profile picture
Nov 21, 2019
Simplest way to Wholesale Real Estate:
Find someone who’s will sell at a discount.
Negotiate a price with the seller and sign a Purchase Agreement.
Find a buyer who will pay a higher price.
Assign the contract to a buyer, and keep the difference between the buyer’s price and the
seller’s price as your assignment fee.
But there’s a problem you might run into with Step 4 if you do it this way…

When you simply assign the contract to the buyer, the buyer gets to see how much less you paid for the property.
A lot of buyers will get frustrated if they see you’ve made a really big assignment fee.

They might feel like you took advantage of them - which isn’t good if you’re looking to maintain the relationship with that buyer so you can do future deals with them.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(