Updated almost 11 years ago on . Most recent reply
I'm out of state....
I was involved with REO's. There is very little room to make a profit. The agents are selling close to retail. I'm considering working with homeowners in pre foreclosure. I obtain the pre foreclosures through a paid service. The information is coming from the county court. I have Proof of funds for any purchase, but that was only good for purchasing REO's. I know of an investor in New Jersey, where he is buying. Would it be a good idea to arrange the investor to visit the home owner in my place, since I'm out of state? Is there an agreement I can use to protect myself from any potential problems? Please advise.