Question on first offer for wholesale assignment!

[Sean Wilt]

Hi guys,e

Thanks in advance for all of your help!  We are just starting out but are have several years real estate and finance experience so while we hope to get our first deal soon, I don't consider us total newbies if that makes sense :).

We found a nice property that we think we could do a wholesale assignment on. The spreadsheets all make sense, etc. My question is this is an REO property and the agent's instructions are requiring POF or Renovation loan to be attached with the offer. Since we would be assigning this to an investor, we would not have those items right? so.... is it ok to call the agent prior to maknig the offer and tell them our strategy and that our investor would ultimaely provide those items? or is this not how this would be done. We dont' have the investor yet, as we would of course need to know the agreed purchase price via contract to present to them for consideration.

Am I thinking of this correctly?  Thoughts on how to proceed?