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Innovative Strategies
HomeForumsInnovative StrategiesHow to buy reo with no money down
Lawrence Moss's profile image
Lawrence Moss's profile image
Lawrence Moss
  • Real Estate Investor
  • from brighton, Michigan
  • Member since May 4, 2009
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Lawrence Moss's profile image
Lawrence Moss's profile image
Lawrence Moss
  • Real Estate Investor
  • from brighton, Michigan
  • Member since May 4, 2009
Connect
Lawrence Moss
  • Real Estate Investor
  • brighton, MI
12
Votes |
56
Posts
Innovative Strategies

How to buy reo with no money down

Lawrence Moss
  • Real Estate Investor
  • brighton, MI
Posted May 17 2009, 06:58

I am on my first deal, I see a reo 3 bed /2bath in a great neighborhood for $6000. I know the house would sell quick for $50000,I will sell for $17000 to an investor I say wow. But I have no money. Is there a legal way of getting around "proof of funds" ? And how does that work with "double closeings"?

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