I love my wife and kids and I would not change anything about that situation, but boy o boy would I go in a different direction when it comes to employment..The sickening thing, I asked for this job, I convinced the CEO of the company, that I could do better. ( I slowly tighten the tie around my neck and look for a sturdy high spot that could support my weight.)
With the economy in the toilet, a massive market has emerged in BULK REO. What that means is that banks are selling a bulk package of foreclosed hom for .40,.50,.60 on the dollar. The banks are getting killed so they are trying to recoup any amount of money they can. The problem with this is every piece of garbage in the world is trying to get involved. There are 2 types of people in this industry buyers and sellers, but here are so many so-called "BULK REO suppliers" who try and represent that they are direct to a BUYER or a SELLER for bulk purchases of $5M to several billion... and all they are is a link in a "daisy-chain" of referal brokers, each looking to get a little of the referral fee for putting the BUYER and the SELLER together.
The problem is that the real buyers and sellers are frustrated, having their time wasted by associating with the wrong people, the brokers and not the decision makers. This industry is a little like pro-ball... Many try-out but there are only a few positions to fill. Many of the institutions and the buying funds have these relationships already in place, without the need for broker-chains looking for a quick referral fee, misrepresenting, trying to earn it.
It can make you absolutely insane...I work direct with a private seller of these assets and, I must talk to a hundred "Broker types" a day, after you spend hours digging through the BS, you uncover they know someone who knows someone and that person once mentioned in passing he was interested. The money is life changing and that is why everyone gets involved but be honest and upfront about your relationship and it will make your job easier. I have closed 6 deals out of 125, that gives you some insight, on actually how difficulct it is...
