Is it possible to Wholesale Fannie Mea REOs.?

[Edgar Martinez]

It seems like every time there's more and more Fannie Mae and Freddie Mac owned Properties out on the market. As I new Investor in the REO wholesaling arena I am a little confused about these types of properties. I keep hearing from different investors and gurus to stay away from such deals due to the fact that these houses come with strict deed restrictions which make them a lot harder to wholesale.

Does anybody have a different opinion about this.?
Is there away around such deed restrictions.?
Do we strictly need to stay within the 20% profit margin in order to flip such properties.?

your comments and suggestion would be greatly appreciated..!

Thanks,

Edgar

[Jimmy C.]

Its possible to do with a double close and transactional funds.

But you run the risk of wasting a lot of peoples time if you don't close. Which will lead to a bad rep. For this reason its best to team up with someone who has the cash to close at least when getting started. Just my opinion.