Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial...
Transcript of Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial...
![Page 1: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/1.jpg)
Working with REO Properties
Monica Main
![Page 2: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/2.jpg)
Can You Still Get Foreclosures?
• Foreclosure Inventory is LOW
• Concentrate on Hooking Up with a Real Estate Agent Who SPECIALIZES in Multifamily and Apartment Building Foreclosures
• Most Foreclosures WILL Be “Pocket Listings”
• Some Foreclosures Will Be FORMER Bank-Owned Assets Now Owned By a Private Seller Or An Asset Portfolio Management Company
• You Can Get 0% Occupied Properties But It Is NOT Recommended Unless You Want to Do EXTENSIVE Rehab• I’ll Talk More About the “Secret” Behind This Shortly!
• We Are NOT Focusing on SFRs So…DON’T ASK!
![Page 3: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/3.jpg)
Short Sales or REOs?
•Choose Foreclosures ONLY
•Short Sales are HARD to Make Work!
•You Get a Better Discount on REOs
![Page 4: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/4.jpg)
Introducing…
![Page 5: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/5.jpg)
A “Second-Hand” REO Is…
• One That WAS Bank-Owned But Is Now Owned By a Private Seller, Individual, LLC, or Wholesaler
• Was Purchased By Someone Who Had NO IDEA How to Rehab or Put the Property Back Into Service• Could Also Have Been Purchased By a Professional
Wholesaler Who Sells Former REO Assets They Bought in “Lots”
• Found That Buying an REO (Requiring A LOT of Rehab) Suddenly Became Much More Overwhelming Than Anticipated
• Bought the Property from a Bank with Cash and Let It Sit Without Doing ANYTHING (or Much) With It
• Wants to Sell and Will (in Most Cases) Be Willing to Take a Loss on It!
![Page 6: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/6.jpg)
Working With the “Second Hand” Reo is…
The NEW “Hot” Trendin Buying REOs!
![Page 7: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/7.jpg)
![Page 8: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/8.jpg)
![Page 9: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/9.jpg)
![Page 10: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/10.jpg)
![Page 11: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/11.jpg)
This Could Possibly Work But ONLY If You Follow a Specific Strategy…Which I’ll Cover Shortly!
![Page 12: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/12.jpg)
![Page 13: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/13.jpg)
![Page 14: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/14.jpg)
Contact the Listing Agent
• Find Out About MORE Listings NOT in the MLS• AKA “Pocket Listings”
• They’ll Also Call This a “Wholesale List”
• See If They Work With an Asset Management Department At a Bank
• If They Are An Asset Management Company Who Bought These Assets, Typically You Can Get These For NO MONEY DOWN
• You Will, However, Have to REHAB the Property
![Page 15: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/15.jpg)
![Page 16: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/16.jpg)
Otherwise Known As… “Pocket Listings”
![Page 17: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/17.jpg)
![Page 18: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/18.jpg)
REO Funding Possibilities…
INCLUDES“Second-Hand”
![Page 19: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/19.jpg)
This Includes Extended Transactional (“Wet”) Funders and Bridge Lenders That Specialize in
Acquisitions & Rehab
![Page 20: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/20.jpg)
This is Very Easy to Do!
Create a 30-Day Posting on the Loopnet.comBIG BOARD for $149!
![Page 21: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/21.jpg)
Quick Rules for Finding Investor Partners on the Loopnet Big Board…
• Put Your Ad Under the “Looking For Capital/Investors” Heading
• Look Professional; Ad in All Lower Case with Misspellings WILL NOT Attract Investor Partnership Interest
• Be Ready With a Business Plan in a PDF File for When They Respond to Your Loopnet Ad• You Can Provide a Link in Your Auto-Response Email to a Website
Where They Can Download the PDF File OR You Can Have the PDF of the Business Plan ATTACHED to Your Auto-Response Email
• Make Sure Your Direct Contact Information is IN Your Business Plan (on the FIRST PAGE and on the LAST PAGE)
![Page 22: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/22.jpg)
![Page 23: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/23.jpg)
Find Deals for Other Investors, Get Up to 3% of the Total Purchase Price, and Use This Cash for Your
OWN Investments!
![Page 24: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/24.jpg)
![Page 25: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/25.jpg)
Since These Deals Will Be Reasonably Cheap to Pull Off…
CASHUnsecured Biz Credit
![Page 26: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/26.jpg)
This Means That the Bank Who Holds Title to the Property Can Give You Direct Funding by Opening Up a
New Mortgage on the Property!
![Page 27: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/27.jpg)
![Page 28: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/28.jpg)
![Page 29: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/29.jpg)
![Page 30: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/30.jpg)
![Page 31: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/31.jpg)
![Page 32: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/32.jpg)
![Page 33: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/33.jpg)
![Page 34: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/34.jpg)
![Page 35: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/35.jpg)
![Page 36: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/36.jpg)
You Hold All the Cards; They Hold NONE!!
![Page 37: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/37.jpg)
![Page 38: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/38.jpg)
![Page 39: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/39.jpg)
![Page 40: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/40.jpg)
The Hottest Strategy…• Getting VERY SMALL Multifamily (Residential) Properties
(Between 2 and 4 Units, Generally)
• Paying 100% Cash
• Using Business Credit to Fund Your Rehab (Mostly on Biz Credit Cards)
• Rehab, Lease Up, and RESELL to an Investor
• Use the CASH from the Sale as a Down Payment for a PERFORMING Property
![Page 41: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/41.jpg)
![Page 42: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/42.jpg)
![Page 43: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/43.jpg)
![Page 44: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/44.jpg)
![Page 45: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/45.jpg)
![Page 46: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/46.jpg)
Financial Break Down• Purchase for $4,900
• Rehab Each Unit at $10,000 EACH or $40,000 Total
• Lease-Up Each Newly Refurbished Unit
• Resale Value After Rehab and Lease-Up: $115,000
• Probable Resale Value: $89,000 to $99,000
• Potential Profit: $34,000 to $44,000
• Total Amount of Time to Acquire, Rehab, and Lease-Up: 45 to 60 Days
• Worst Case: Property Won’t Sell (Right Away or At All) and is Worth a Bottom-Line Monthly Cash Flow of $1,500 to $1,800 Per Month AFTER Expenses
• This Amount Can Be Used to Pay Down/Off Business Credit Card Debt Used to Acquire and Rehab the Building
![Page 47: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/47.jpg)
If You Cannot Sell the Property Right Away…
• You Can Take Out an Equity Loan to Pay Off the High Interest-Rate Business Credit Cards
• Loan Will Be Based on NEW VALUE of the Property (After Rehab)
• Typically You’ll Get an Equity Loan Based on 80% to 85% of the Appraised Value of the Property Which is MORE Than What You Bought/Rehabbed It For
![Page 48: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/48.jpg)
The “Overall” Plan
• Buy/Rehab/Lease-Up and Sell Your First Property
• Buy/Rehab/Lease-Up and KEEP Your Second Property
• Every Other Property, Sell
• Every Other Property, Keep
• The Ideal Situation is to Have Your Every-Other Buy-and-Hold Property COMPLETELY PAID OFF with No Mortgage
• By Your 10th Property, You’ll Be Financially Free with NO MORTGAGES by Having a Pile of Small Properties
• Expense Ratio on These Properties is Typically 25% or Less!!
![Page 49: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/49.jpg)
Get a Pocket Listing LISTFrom a Wholesaler
![Page 50: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/50.jpg)
![Page 51: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/51.jpg)
![Page 52: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/52.jpg)
Then…
You Can Easily Get Anywhere from 25% to 50% Off Their Asking Price!!
![Page 53: Working with REO Propertiesm.b5z.net/i/u/10074298/f/The_Newest_REO_Secret_-_Monica_Main.pdfFinancial Break Down •Purchase for $4,900 •Rehab Each Unit at $10,000 EACH or $40,000](https://reader036.fdocuments.us/reader036/viewer/2022071210/6021eb632ba07a597c533376/html5/thumbnails/53.jpg)