Interview: Flipping Bulk REO Packages in 2010
By jp | Category: Featured, Under The Spotlight
Editor’s Note: This is a follow-up to the recently posted article How to Cash In On Bulk REO Packages – a guest post by Kenny Rushing. And based on the lively comments in response, this is clearly a topic of great interest to many — and for some it’s a down-right pain button (based on your attempts in Bulk REO arena so far). So let’s continue the discussion, shall we?…
I mentioned recently I’d be interviewing Bulk REO guy Kenny Rushing to better understand how he pulls down his profitable REO package deals right now, how he deals with the “joker brokers” notorious in the business, where the real opportunity lies today, and how an average Joe/Jane might get started in the same.
I’m happy to say it was a great interview. Fueled by the a stellar questions you guys asked, we chatted for basically an entire hour together. It was totally unrehearsed and unscripted – just me, grilling Kenny about his story, and (mostly) about how exactly his business works right now.
Listen to / Download the Whole Interview Here…
I’ve broken down our 1-hour chat into four chunks to make it easier for you. Just click the “play” buttons below, or if you want to download and listen offline, click the “download MP3″ button. (Note: If it won’t seem to download, try right-clicking and choosing “Save Target As…”)
Bulk REOs in 2010, Part 1 (15:19)
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Bulk REOs in 2010, Part 2 (14:54)
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Bulk REOs in 2010, Part 3 (17:27)
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Bulk REOs in 2010, Part 4 (14:59)
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Recommended Reading (PDF)…
I spent about half an hour this morning reading through “The Arbitrage Conspiracy”, a PDF Kenny wrote and just published on this very topic. If this topic interests you and you want to learn more, then I definitely recommend reading it.
Let’s be clear about something: There’s a dual purpose by Kenny releasing this…
Somewhere in part 3 of the above interview, you’ll hear us briefly touch on the system Kenny’s releasing soon on how his Bulk REO business works, and how to follow in his footsteps while the window of opportunity’s gaping wide.
He wrote “The Arbitrage Conspiracy” in advance of this – a strategy to help folks understand in advance the Bulk REO opportunity as it exists today, and help you size up this biz model and see if it’s a possible fit for you.
Only you can be the judge of that. But personally I found both my interview with Kenny and the “Arbitrage Conspiracy” PDF to be enlightening – he’s a remarkably and refreshingly transparent guy.
Kenny the Phoenix…
This guy was once one of the biggest wholesalers in the country. But when the housing market crashed, his entire business and life came crashing down and almost went completely underwater.
But this is a guy who knows how to use those bootstraps. And in no time flat, he turned his “disaster” around and rose from the ashes right back to the top — this time in the Bulk REO arena.
Now he’s actually making more money than ever before, his business profits are shooting through the roof and he’s spending more quality time with his family. Thought provoking and inspirational to say the least. And yes, you’ll learn a number handy tips on the wrong/right ways to do Bulk REO deals today too. 
If this topic interests you, then watch for more videos from Kenny soon. And in the meantime, enjoy learning from our interview above, and from “The Arbitrage Conspiracy” PDF…
