According to Zillow, there was no advantage of buying an REO. You got no discount at all in some areas and a measly 1..8 % discount in many others.
Cash rich hedge funds are crowding everyone else out. Just attend a local trust sale and you will see for yourself. Most foreclosures never even reach the MLS.
I know i sound like a broken record but you need to use your head when finding deals. It’s no longer low hanging fruit of just calling a realtor.. You have to find deals that others are not chasing. There are more successful methods available. Search them out.!!! Some people are making money but they are not doing it buying reos.
