Updated over 5 years ago on . Most recent reply
Rules around wholesaling Fannie Mae homes
Hi
I am from Wellington, NZ, who has decided that at 50 it is the best time to pursue a new career!!! My husband and I have always thought of investing in property in New Zealand, but due to the ever increasing prices of houses, decided not to pursue it any further.
We learned about the possibility of investing in America, in a market where it is possible to be successful and financially independent, and I decided to go for it!!!
I have no previous experience in real estate, but has more that 30 years experience in delivering excellent customer service.
Astrid
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#1 Foreclosures Contributor
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#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Wholesaling back owned owned properties in general will be a waste of our efforts. REO properties will not all ow assignments, Fannie REO's can't be resold for more than 20% of purchase price for 90 days. Fannie REO's are no better, or worse, than any othe REO. All are "as is" , and all have multi page addendums.