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How to Profit with REO w/Long Doan, Tim Ray, Jesse Zagorsky and Garrett Pancheri

November 7, 2019

REO offers us amazing opportunities to boost our businesses. What are the benefits of getting involved in REO, and how can we market ourselves in the space? On this episode, experts in short sales and REO, Long Doan, Tim Ray, Jesse Zagorsky and Garrett Pancheri, share why REO is a great option for agents today. 

 

REO gives us an opportunity to put more signs in the ground. The more signs in the ground, the more you’ll be able to scale your business and do it very profitably. -Michael Hellickson

 

Three Things We Learned From This Episode

  • REO is making a comeback
    REO today is different from REO in 2008, but it’s still here and still a great place for us to make money. In fact, we’re more likely to get business with REO than with any other type of listing in real estate. 
  • More signs in the ground mean more leads 
    One of the massive benefits of REO is that it allows us to get more signs in the ground. REO is a lead magnet, and the more we can get our names out there on signs, the more business we’ll get. 
  • Market REOs differently
    When it comes to REO, detail is everything. We need to go out of our way to market ourselves differently. We need to listen to what people in our markets are saying, and deliver a tailored solution to their problems. Connections are vital in REO, so be sure to connect with as many people as possible, and as deeply as possible. 

 

REO saw a boom in 2008, and it’s unlikely that today’s market will be too similar to what we saw in the wake of the financial crisis. However, REO remains a great place for agents to make a profit, and even if the space is different in today’s market, the opportunities are still endless. REO allows us to get signs in the ground and make more profit than any other space in real estate, so it’s a great idea for agents to get involved. Build connections with other agents in the space, and think outside the box when it comes to marketing. REO offers so many benefits; we need to take advantage of them today. 

 

Guest Bio

Long Doan is the Founder of Realty Group, Inc. in Minnesota. With over 25 years of experience in the business, Long recently got involved in REO and in just 4 years, has done 1000 REOs. Long is an expert in real estate, and is a top 1% agent in both Minnesota and the country.

 

To find out more about Long, visit 

https://www.linkedin.com/in/long-doan-broker-4baa3725

https://realtygroupmn.com/coon-rapids-team/long-doan-licensed-real-estate-agent

 

Tim Ray is the company owner at HomeSmart Legacy and the Tim Ray Real Estate Team in Kansas City. He is also a business coach at ClubWealth. With experience in the Kansas City market dating back to 1997, Tim is an expert in his field.

 

To find out more about Tim, visit

https://www.facebook.com/timrayteam/

https://www.linkedin.com/in/tim-ray-7b9a4529

https://timrayteam.com/

 

Jesse Zagorsky is a Broker Associate at Live.Love San Diego Homes Brokered eXp. He has over 10 years of experience in the San Diego market, and is passionate about real estate. Jesse has a background in marketing, and strives to find creative solutions in every step of the business.

 

To find out more about Jesse, visit

https://www.livelovesandiegohomes.com/team/jesse-zagorsky-licensed-real-estate-agent

https://www.facebook.com/jesse.zagorsky

https://www.linkedin.com/in/jesse-zagorsky-5b13967

 

Garrett Pancheri is the co-owner of Dustin Garrett and Associates at Team One Group Real Estate. He is also a Club Wealth Coach, and has a passion for the real estate industry, with a particular interest in short sales. Garrett is a skilled negotiator and loves taking every opportunity to learn more about industry trends.

 

To find out more about Garrett, visit

https://www.myteamone.com/agents/30091-Garrett-Pancheri/

https://www.linkedin.com/in/garrett-pancheri

https://www.facebook.com/GarrettPancheriRealtor/

 

Be sure to look out for updates on ClubWealth’s upcoming book on REO.