Stonecrest has been working closely with XOME Auction company to efficiently bid properties on their auction site. Our success in working with different auction companies, outside of the personal relationships we have formed, is working to figure out exactly how each company’s procedures work. These are procedures they won’t reveal to bidders. Once we figure them out, our successful bidding percentage goes up.

For instance, knowing, on average, when an auction company will reduce the price of an asset and by what percentage is critically important. We have a team of employees based in Arkansas that focuses solely on the auction business and figuring out the answers to these types of questions. Due to our attention to detail and discovery of these procedures, XOME has replaced as our number one supplier of properties.

Stonecrest’s Real Estate and Growth Fund had a solid quarter, selling thirty-four properties. We had successes in purchasing assets both at the auction company as well as going directly to banks.


Featured Asset:


Our featured property this quarter is located at 136 W. Lincoln Avenue, Magnolia, New Jersey. This is a 894 sqft 3-bedroom, 1-bathroom, single family home built in 1924.
The house sits on a 2,147 sqft lot. It is close to schools, major highways, and minutes from Philadelphia.

Investment Stats (rounded):

  • REO Purchase Price: $23,928
  • Expenses: $16,151
  • Sold Retail:$95,000
  • Gross Profit: $54,921



Fund Performance:

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