Wholesaling REOs
I was out doing some "driving for dollars" today and I have come across quite a few houses that are REOs. I double checked at the county clerks address to make sure they were bank owned. I don't see these houses on the MLS anywhere, and I'm curious of how to proceed.
One house, despite being a major rehab looks to be a home run, 200k ARV, maybe 40k in rehab costs, sitting vacant for over a year. (probably too good to be true, but worth investigating)
Should I call up the bank and talk to the asset manager? Is it possible to do a wholesale REO as an assign or do I have to double close?