This Is Your Chance to Invest!–REIC brings REOs to their clientele through a fractional real estate approach. Typically, it can require millions of dollars, along with the right contacts, to be able to invest in this kind of real estate. REIC combines investors to allow everyone an opportunity to invest in this rare form investing.
Once a bulk REO package is purchased from the bank, the pool is dissected to find out which properties to sell, which to fix up, and which homes to hold on to and rent out. REIC has developed a detailed strategy in order to optimally perform this task. Some of the necessary steps include: proper market research, reviewing BPOs (Broker Price Opinions) online and in person, assessing repair needs, contesting delinquent taxes, and renting and liquidating the real estate. REIC is able to liquidate the undesirable real estate, and hold on to the most profitable rentals.
