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Updated over 11 years ago on . Most recent reply

User Stats

23
Posts
5
Votes
Jennylynn Caldona
  • Property Manager
  • Kent, WA
5
Votes |
23
Posts

Help! My Brother wants to buy a REO property in Tacoma, WA.

Jennylynn Caldona
  • Property Manager
  • Kent, WA
Posted

Hello,

My Brother wants to buy a particular house in Tacoma, WA that is bank owned. He wants to buy it using a traditional loan. Before I send in an offer to the bank I wanted to know how I can squeeze myself into the deal? I am not a agent. I want to get 3-5% of the selling price. I am not sure how Wholesaling works in Tacoma - Spanaway Area but I want in on this deal! I appreciate any tips and knowledge you can provide. ^_^ Thanks!

Most Popular Reply

User Stats

13,453
Posts
8,355
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,355
Votes |
13,453
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Sorry to be blunt but you sound greedy. Very unlikely for you to become a middle person on any REO deal without being a licensed agent BTW.

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