Preston Ely & Lee Kearney – REO Rockstar

Preston Ely & Lee Kearney – REO Rockstar is a focused real estate investing program that teaches you how to wholesale bank-owned foreclosure properties (REOs) using a practical, step-by-step framework. Instead of leaving you guessing, the training walks you through where to find REO deals, how to analyze them, and how to structure wholesale transactions so you can control properties without traditional long-term financing.

The course combines a structured coaching-style format with home-study materials, giving you recorded training modules, supporting PDF guides, and real-world examples. You learn how experienced investors approach REO leads, evaluate properties, negotiate with banks, and exit deals using clear strategies. The emphasis is on using repeatable processes that you can apply in your own market, rather than chasing random “one-off” deals.

Because Preston Ely & Lee Kearney – REO Rockstar focuses specifically on REO wholesaling, it helps you understand this niche from the ground up: from locating foreclosures and working through bank requirements, to building a buyers list and choosing the right exit strategy for each property. The goal is to help you move from theory to action with a realistic, methodical approach to bank-owned deals.

What is Preston Ely & Lee Kearney – REO Rockstar about?

Preston Ely & Lee Kearney – REO Rockstar is a step-by-step REO investing course built around wholesaling bank-owned properties. The training shows you how to locate foreclosures, filter out the best opportunities, negotiate with banks, and structure deals so you can pass them on to end buyers for a fee. Instead of focusing on speculative rehabs or long-term landlording, the course concentrates on quick-turn strategies that can fit into a lean, systems-based business model.

The program was originally delivered as a rapid success coaching bootcamp over several weeks, with telephone-based training and detailed audio lessons, and is now commonly available as a fully digital home-study course. Inside, you will find structured modules on finding REOs, doing due diligence, understanding the numbers, negotiating, wholesaling, rehabbing, and exiting deals. Additional materials such as an introductory ebook, quickstart guide, and example forms and contracts help you connect the theory to the practical paperwork that REO deals require.

Throughout the training, the focus remains on realistic implementation: understanding how banks think, what they look for in offers, and how to design a simple process for sourcing, analyzing, and moving REO properties in your local market.

What will you learn or achieve?

By completing Preston Ely & Lee Kearney – REO Rockstar, you will work through a complete REO wholesaling workflow, from lead generation to exit strategies. The lessons are designed to build on each other so you can gradually assemble your own step-by-step action plan.

• Understand what REO properties are, how they move through the foreclosure pipeline, and why banks discount and release inventory the way they do.
• Learn practical ways to locate REO opportunities, including how to identify the right sources, build lists, and avoid wasting time on dead leads.
• Develop a clear process for researching potential investments, including checking title issues, market values, repair needs, and common REO-specific risks.
• Follow a simple inspection framework so you know what to look for at the property level and how to estimate repairs at a basic, investor-friendly level.
• Use straightforward financial analysis to decide whether a deal makes sense, focusing on pricing, spreads, holding costs, and realistic resale assumptions.
• Improve your negotiation skills with banks and agents so your offers are more professional, complete, and aligned with how REO sellers operate.
• Understand how to structure “perfect buys” and wholesale-style transactions where you control contracts and pass deals to investors ethically and transparently.
• Gain insight into when rehabbing might make sense, how appraisals affect your deals, and how lenders view properties that have recently traded at a discount.
• Study different exit strategies—wholesaling, rehabbing, refinancing and cashing out—so you can pick the approach that best fits each property and your risk tolerance.
• Use templates, contracts, and checklists to standardize your process and reduce guesswork on each new REO opportunity.

Who is this REO investing course for?

This course is designed for investors who want a structured introduction to REO wholesaling or who want to sharpen their existing approach to bank-owned properties. If you are interested in flipping houses but prefer lower-capital strategies where you focus on finding and controlling deals rather than doing heavy rehabs, this program is aligned with that objective.

Beginner and intermediate investors can both benefit. Newer investors get a guided, step-by-step overview that explains each stage of the REO process in plain language, while experienced wholesalers gain specialized tools and frameworks tailored to REO transactions. Because the course focuses on wholesaling and exit strategies, it is especially useful if you want to expand beyond traditional motivated-seller leads and tap into bank-owned inventory in a more professional, organized way.

How does the program work?

Preston Ely & Lee Kearney – REO Rockstar is typically delivered as a fully digital home-study course based on the original six-week coaching bootcamp. The core of the program consists of recorded training modules—audio sessions with companion PDF reports—organized so you can follow a logical progression from fundamentals to more advanced deal structuring.

Alongside the core modules, the program materials commonly include an introductory ebook on REO investing, a quickstart guide that lays out a simple seven-step implementation roadmap, several “how to” training sessions in video and audio format, and a set of sample forms and contracts used in REO deals. You can work through the content at your own pace, pausing and re-listening to key lessons as needed, which makes it easier to review specific topics such as financial analysis, negotiations, or exit planning right before you apply them in the field.

Because the training is focused and niche-specific, you can integrate it into your existing real estate education, using it as a dedicated playbook for the REO side of your investing business.

Main benefits of Preston Ely & Lee Kearney – REO Rockstar

The main value of this course comes from its narrow focus on REO wholesaling and its clear, modular structure. Instead of trying to cover every real estate strategy, it zeros in on a single niche and breaks it into understandable steps.

• Follow a defined blueprint for turning bank-owned foreclosure leads into potential wholesale deals instead of starting from scratch with every opportunity.
• Save time by learning proven ways to filter out weak REO leads and concentrate on properties with stronger spreads and more realistic exit options.
• Reduce uncertainty during negotiations with banks and agents by using a structured approach to offers, counteroffers, and communication.
• Strengthen your decision-making with simple financial and inspection frameworks that help you avoid common REO pitfalls.
• Build confidence by having a complete, step-by-step system—from lead generation to exit strategies—that you can customize to your market.

Prerequisites and recommended background

You do not need years of experience in real estate to benefit from Preston Ely & Lee Kearney – REO Rockstar, but you should be willing to learn and to take consistent action. A basic familiarity with real estate terms (such as ARV, equity, and closing costs) and simple math will make the financial analysis sections easier to apply.

The course assumes that you are ready to contact agents, banks, or other professionals and to treat your investing like a real business. Because REO transactions can involve legal and contractual details, you should always consult qualified local professionals (such as attorneys, licensed agents, and tax advisors) before applying any strategy in your specific area.

About Preston Ely and Lee Kearney

Preston Ely is a real estate investor, entrepreneur, and educator known for his direct, no-nonsense teaching style. He has created several real estate investing products and is associated with brands that focus on wholesaling and creative real estate strategies, as well as software tools that support investors in managing leads and deals.

Lee Kearney, often referred to as “The REO Rockstar,” is recognized as one of the leading wholesalers of bank-owned foreclosure houses in the United States. Based in the Tampa, Florida area, he has been involved in flipping and wholesaling a high volume of REO properties, regularly handling multiple deals per month and building systems to manage that activity. His on-the-ground experience with bank-owned houses forms a core part of the strategies and case studies presented inside the course.

Together, Preston Ely and Lee Kearney combine marketing, deal-finding, and REO-specific execution experience to offer a structured training that reflects how active investors approach this niche in real markets.

Why buy from our online course platform?

When you purchase Preston Ely & Lee Kearney – REO Rockstar through our online course platform, you keep all your real estate education organized in one secure place. Your lessons, updates, and downloads remain linked to a single account, so you can access the material from any compatible device whenever you are ready to study or review.

Centralize your digital purchases in a single account, keep your history, and access them whenever you want to watch online or download. Plus, you’ll always find courses on our platform at affordable prices.

Course content / Course curriculum

The core curriculum of Preston Ely & Lee Kearney – REO Rockstar is organized into themed modules that guide you through the complete REO investing process, from finding foreclosures to exiting deals. Each module is typically delivered as an audio training with a matching PDF report or workbook.

• Module 1 – Foreclosure Finder Secrets: An overview of how to locate REO and foreclosure opportunities, including where to find inventory, how to work with different sources, and how to start building a pipeline of potential deals.
• Module 2 – Researching Potential Investments: A step-by-step look at due diligence, showing you how to research properties, neighborhoods, and comparable sales so you can quickly decide which leads deserve more attention.
• Module 3 – Inspection: A practical framework for inspecting properties from an investor’s point of view, focusing on major systems, repair priorities, and the information you need before running your numbers.
• Module 4 – Financial Analysis: Guidance on evaluating deals using simple, investor-friendly formulas, including how to estimate after-repair value, repair costs, and potential profit margins.
• Module 5 – Negotiating & Making Offers: Training on how to prepare and present offers to banks and agents, what terms matter most in REO deals, and how to negotiate in a professional way that increases your chances of acceptance.
• Module 6 – Perfect Buys & Wholesaling: A deeper dive into what makes a “perfect buy” for a wholesaler, along with detailed wholesaling strategies, contract structures, and practical tips for assigning or reselling deals.
• Module 7 – Rehabbing and Appraisals: An introduction to basic rehabbing considerations and how appraisals influence both your purchase and resale plans, with a focus on staying realistic about costs and values.
• Module 8 – Advanced Appraisal Topics: Additional insights into how appraisals work in the context of REO deals, how lenders and appraisers view distressed properties, and how to factor that into your exit strategies.
• Module 9 – Refinance and Cash-Out: Coverage of refinance and cash-out strategies for investors who choose to hold properties or reposition them before selling, including key concepts to discuss with lending professionals.
• Module 10 – The Best Exit Strategies: A summary of the main exit routes for REO investors—wholesaling, rehabbing and selling, refinancing, and other approaches—along with guidance on matching each strategy to the right kind of deal.

If you want a focused roadmap for finding, analyzing, and exiting bank-owned foreclosure deals, access the course now and start applying each step in your local REO market.

Downloadable Course Content