FYI, the bulks sales i have seen advertised go for 30 to 70 cents on the dollar based upon current BPO (probably a little low already) value. Some of these may be flipped but they easily cash flow as rentals and who wants to pay ordinary income instead of long term capital gains? I’d expect alot of bulk sold properties will end up as very profitable rentals until the market goes up, whenever that is.
There are so many things going on behind the scenes in real; estate that the layperson no matter how long they spend on the Internet will never see or understand. Simple this situation is not.
