What you'll learn

In this course, you will learn about the mortgage life cycle and how a property becomes an REO
How to speak the REO language
How to find your first deal in 30 days
How to value an REO property
What metrics you should look for in a good deal
How to get investors to give you cash for your deals
How to make an offer to the bank
How to close the deal
What are bulk REOs
What are Non-performing Loan portfolios

Course content

6 sections • 33 lectures • 3h 26m total length

A Step-by-Step Blueprint For Getting Started If You Do Not Have Any Cash3:54
A Step-by-Step Blueprint For Getting Started If You Have Cash To Invest4:36
The Mortgage Lifecycle7:47
The Opportunity in the REO Game4:16
Explore the opportunity in the area rental market with the Ario portfolio as investors chase yield in single-family rentals and banks delay foreclosures, fueling shadow inventory and rental demand.
Understanding the Players in the Game4:30
Capital Markets5:09
Explore capital markets and how secondary and retail markets price loans by product, size, geography, and collateral, while investors leverage off-market deals and cheap liquidity.
11 Mistakes Beginners Make in this Business16:39
Discover the 11 biggest mistakes beginners make in REO investing, from talking to the seller directly and securing up-to-date appraisals to managing expectations and credibility.

Learn the REO Language11:46
How to find your first REO deal in 30 days6:26
What is a Lien?3:25
Valuation: How to come up with the right price6:07
Case Study: Buy and hold REO deal using leverage5:22
Case Study: Capital Structure3:15
Explore capital structure for a real estate deal by securing 80 percent debt and 20 percent equity, compare bank, private, and hard money lenders, and plan equity raising.
Case Study: Monthly Profit/Loss8:51
Use the one percent of total cost rule to assess a rental deal, estimate operating expenses and capex versus maintenance, and calculate cash flow and cash-on-cash return.
Case Study: 10 Year Projection9:45
Explore a 10-year hold of a residential property, showing how asset appreciation, rent growth, vacancies, expenses, and capex drive cash flow and high IRR in real estate underwriting.
Case Study: Buy and hold REO deal using cash7:42
Explore an all-cash buy-hold REO deal, showing no debt, cash flow, and the tradeoffs between higher end-of-horizon proceeds and lower annual returns versus leveraged deals.

Where to Find Equity for Your First REO Deal6:29
What do Investors Want to Know About Your Deal?5:57
Show investors the opportunity with steady cash flow, low mortgage costs, and a clear plan for rent, yield, time horizons, and exit strategies.
Case Study: Flip an REO Deal Using Leverage5:56
Analyze a case study of flipping an REO using leverage, showing how mortgage financing affects profits, capital appreciation, debt service, and cash-on-cash returns while emphasizing rapid sale to manage risk.
Case Study: Flip an REO Deal Using All Cash6:06

Making the Offer7:58
Submit a letter of intent outlining your offer price, due diligence needs, and financing plan for a single family or portfolio deal, and secure exclusivity with clear deadlines.
Use an Entity2:03
The Closing Process2:39
Navigate the REO closing process by coordinating deeds, title abstract and survey, prorated taxes, and insurance, with lender involvement and remote closing, ensuring timely courthouse recording and proper fund disbursement.
The Costs of the Business6:23
Analyze the major cost drivers in reo deals, including broker fees, legal costs, valuations and appraisals, closing fees, lender fees, and marketing, to optimize deal flow and margins.
Coffee Break10:30
Take action to enter REO by starting as an intermediary, broker deals, and exchange knowledge with investors; build relationships with banks and brokers, learn from mistakes, and stay patient.
Red Flags6:18

What is a Tape?6:29
Learn how an REO tape, or pool portfolio, organizes asset data in Excel, including addresses, property type, lot size, beds and baths, asking price, and market value.
How a seasoned investor analyzes a Tape5:05
Understanding the costs associated with Bulk REOs3:57
Bulk REO Case Study: Profit with investor capital6:40
Broker the Deal: Making money with Bulk REOs if you don't have the capital4:08
Broker bulk REO deals for investors without personal capital, earning finder’s fees from institutions deploying capital; structure fees from 50 to 300 basis points.

Requirements

A willingness to take action!

Description

REO investing has become a popular real estate investing strategy since the start of the financial crises in 2008.

What is an REO property? An REO property is an asset that has gone through the foreclosure process and is currently owned by the bank.

The Opportunity:
Banks want real estate investors to take REO properties off their hands immediately! You have to understand that bank are NOT in the business of being landlords. They are often motivated to unload these non-performing assets of their balance sheets. This give YOU, as the investor, an opportunity to buy these assets well below market value.

This course will give you the step-by-step blueprint that both small, private investors, and large institutional investors, use to profit from REO properties. Even if you are new to real estate investing, this course will give you the details and action steps you need to start your REO investing career.

The course consists of easy-to-follow training videos taught by Peter Kasyanenko, a seasoned REO investor from New York City. Peter spent years working for a private equity firm that focused on buying REOs, Bulk REOs, and Non-performing Loan portfolios. Peter shares his experience and offers practical advice to help you move up the learning curve as quickly as possible and start earning income as an REO investor.

We recommend that you first watch the course in its entirety and then go out and take action! You can refer back to the training videos for guidance along your REO investing journey.

Who this course is for:

This course is intended for anyone seeking to start a career in real estate investing or seasoned investors looking to profit from another investing strategy

What you'll learn

Explore related topics

Course content

What is REO?7 lectures • 47min

Getting Started in the REO Game9 lectures • 1hr 3min

I don't have any money!....How do I buy my first REO property?4 lectures • 24min

Making an Offer and Closing Your First REO Deal6 lectures • 36min

Bullk REOs: This is where investors have made millions in the REO game5 lectures • 26min

Non-Performing Loans: The Cousin of REO2 lectures • 10min

Requirements

Description

Who this course is for: