Houses For Sale Network

The Houses For Sale Network offers premium bank-owned inventory in Southern California.

Call (888) 319-3789 to speak to a live real estate consultant who will review your real estate investment needs and make recommendations as to potential fits from our inventory of positive cash flow REOs in Southern California.

Featured Topic: REO

Many REO auction companies accept bids during the auction process only to reject it later on causing much frustration among auction bidders.

Most banks will not provide financing on their REOs but it doesn’t hurt to ask - especially if the property has extensive damage and you are purchasing it as is.

FHA regulations concerning the condition of a property have changed dramatically over the past three years making it easier for investors to obtain financing on an REO.

Many factors are often overlooked by investors when calculating positive cash flow on an REO rental property such as repairs, maintenance, taxes, insurance, municipal fees, vacancy and a host of other potential fees and costs.

Real estate investors are already beginning to abandon their fears and pursue the abundance of wholesale REO's available creating a mini bidding frenzy in some Southern California communities.

Buying cheap cash flow REO's in bad areas will mean lower rents, higher tenant turn over and increased property management hassles for the hold investor.

Making an offer subject to a partners inspection, lenders approval of financing, contractors estimate of repairs or any other clause meant to provide you with an exit can cost you the deal.

Sometimes an REO listing agent will offer cash for keys to entice the ex homeowner to leave the REO property.

Many REO buyers agents are not comfortable working with investors. It is important to find an agent that is familiar with investor transactions.

Many California investors who sought monthly cash flow in the last boom market went out of state to slow appreciating markets. Just a few years later there are superb REO buys in Southern California, a market known for sharp periods of appreciation.