Getting Reos Under Contract and Closed with other peoples' money
After much research on MLS as recent licensed agent in Florida, I'm attracted to REO wholesaling. As a past landlord and late in life, I need to generate income fast but can't afford expensive marketing. I'm a member of a local REIA and friendly with quite a few cash buyers who want me to provide them deals. Since the REO agents require both larger Earnest Money Deposits and Proof of Funds with every offer, I'm overwhelmed and under funded. How can I overcome these obstacles and fill the requests of my buyers?
I'm grateful for your suggestions,
Dan Nolan