Foreclosures and Lease Option Agreements.
I was just wondering if anybody had any experience on getting a foreclosure property into a lease option agreement?
How receptive are banks and lenders alike to investors acquiring property like this?
As an aspiring wholesaler, I've been toying with the idea of asking listing agents for banks and lenders about getting a piece of property with a lease option (of course negotiating below market value) and then instead of marking up the price for a cash buyer.
Simply charge 5K-10K for their consideration?
Thoughts, feedback, advice… What you think?
How would you structure the deal?
(I asked the same thing in another forum here on bigger pockets, since this forum is for bankers and lenders… No better way to find out, then to hear straight from the horses mouth)