Market value numbers below are estimates only and are based on our research. Please do your own due diligence before purchasing any of these properties and ensure that you work with a reputable Realtor. It is possible today's property may no longer be available as well-priced bank owned real estate (REO) is often snatched up quickly by investors.

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Greenwoood Population:  24,000    |   Cost of Living: 17% Below U.S. Average    |   Crime Rate:  Above U.S. Average



Today's Bargain: Single Family Home (Bank Owned)

106 Larkspur Ln., Greenwood, SC 29649

3 bedrooms, 2 baths, 1,910 sq. ft., built in 1990

Current Price: $149,900    Web Site

Current Market Value Estimate: $178,005

Taxes: $1,226 (2018) | HOA: No

Last sold (to lender) for $130,000 in 2019

Home with tile floors, back deck, pond views, boat dock




South Carolina Stats:

Population - 4,961,018

Persons 65 years old and over - 16%

High school graduates, percent of persons age 25+ - 85%

Bachelor's degree or higher, pct of persons age 25+ - 25%

Persons of Hispanic or Latino origin - 5%

White persons, not Hispanic - 64%

Median household income - $45,483

Social Security taxed? No

Source: U.S. Census Bureau



Seven Reasons to Buy Bulk REO Properties

Nine to five not your thing? Ready to retire? Thinking of investing in REO Bulk? I can tell you with certainty of years of experience in REO properties that this is a great decision. It is also the one that could make you thousands of dollars. And if making good money is not reason enough to go for it there are seven more great reasons to buy Bulk REO properties. Let's start the countdown:

1. Bulk purchasing

Much like tomato sauce in Price Choppers, REO Properties come in wholesale packs and great prices. REO Bulk Properties sell up to 50% of the real value. Banks do not want to waste money taking care of them. The best they can do is selling them at discounted prices to clear their books. Everyone wins and you toast over a great profit margin.

2. Debt free investing

Worried about financing? Don't be! Banks are so eager to get rid of REO Properties that low prices mean you are likely to find many financial sources ready to back you up. Hard money, commercial financing and non conventional hedge funds and private investors are all on the plate. With them on board, you profit by gaining properties and not the debt. Isn't life grand?

3. Minimal risk exposure

The wonderful thing about bulk REO is that it does not require large investments. Better yet it does not mean big loans. What it does mean is purchasing REO properties Bulk in good condition at the fraction of the price and reselling them at full price. And that means minimal risk exposure. Meaning, invest away. And strike while the iron is hot.

4. Direct access to bulk REO dealers

Access! Access! Access! That is the key to Bulk REO purchasing. Many have tried and failed without means of getting to coveted REO sales lists. No need to waste for untold hours knocking on firmly closed doors. Success comes with something as easy as going with your local bulk REO property expert with direct access to the coveted lists. A great way to stop wasting time and start making money.

5. Access to shadow inventory

Shadow inventory, a simple way to call a list of 2 to 8 billions worth of homes in default and foreclosure, can have grown weep and REO investors pull their hair out in frustration. Frustration because shadow inventory is one of the best kept list in bulk REO purchasing. And "hair out" because you must have it to make money on REO. But fear not. Join any Bulk REO expert and shadow inventory is yours for the taking. And the money making.

6. Profit

Simply put REO Bulk Properties mean cash. With banks rolling bulk properties at low prices, entrepreneurial REO investors have unique chance to take advantage of favorable conditions. Minimum investment for maximum cash. What more can an investor ask for?

7. Immediate income

Short of wining a lottery REO bulk is a perfect way to stuff oneself with cash to the gills. By purchasing bulk REO properties at 50% off and reselling them at full price, the difference turns into immediate income. No waiting, no hassling and no question about it.

So while REO properties are not for the faint to heart, they are definitely for the ones fond of money. Because any way you spin this story, REO purchasing means low risk and great profit. Period.

~ Source: Ezines.



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