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Updated over 9 years ago on . Most recent reply

Leo Robinson's profile image
Leo Robinson's profile image
Leo Robinson
  • Real Estate Investor
  • from Oshawa, Ontario
  • Member since Mar 1, 2016

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Leo Robinson's profile image
Leo Robinson's profile image
Leo Robinson
  • Real Estate Investor
  • from Oshawa, Ontario
  • Member since Mar 1, 2016
Leo Robinson
  • Real Estate Investor
  • Oshawa, Ontario
1
Votes |
5
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Ontario Real Estate Forum

Wholesaling Bank owned properites

Leo Robinson
  • Real Estate Investor
  • Oshawa, Ontario
Posted

Does anyone know the process to wholesaling/flipping bank owned properties? is there a particular way to maneuver around it. Thanks ! 

Leo Robinson

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Heath Thomas Jr's profile image
Heath Thomas Jr's profile image
Heath Thomas Jr
  • Lender
  • from Baltimore MD
  • Member since Jul 5, 2015

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Heath Thomas Jr's profile image
Heath Thomas Jr's profile image
Heath Thomas Jr
  • Lender
  • from Baltimore MD
  • Member since Jul 5, 2015
Heath Thomas Jr
  • Lender
  • Baltimore MD
65
Votes |
198
Posts
Heath Thomas Jr
  • Lender
  • Baltimore MD
Replied

@Leo RobinsonYour best bet would be to find transactional funding. And do a Double close. From what I know, banks won't let you assign a contract. An added benefit is transactional lenders will give you a Proof of funds, which you will probably need to submit an REO offer.

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