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Updated over 11 years ago on . Most recent reply

User Stats

22
Posts
3
Votes
Jarese Bradford
  • Investor
  • Fort Worth, TX
3
Votes |
22
Posts

Lookiong to wholesale an REO property but need HELP!!!

Jarese Bradford
  • Investor
  • Fort Worth, TX
Posted

Ok BP, I need your help. I have been working with a realtor to gain access to MLS listings as well as expired listings. I've come across a few deals that I want to wholesale but of course you can't assign an REO property. Now here's my scenario. I'm looking to do this first deal with no money out of my pocket (because I don't have the funding to do so) and my research has led me to transitional funding to show my proof of funds. My questions would be.

1.) What would be a good way to structure this deal?

2.) Is it better to use transitional funding or a private or hard money lender?

3.) Should I borrow enough to pay Realtor's commission and closing costs?

4.) Where can I learn more information about wholesaling REO's?

All comments and feedback will be greatly appreciated!!!

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