Current market advice - banks and exit strategies

[Stacy Romero]

I'm a beginning wholesaler who is trying to get a real world picture from experienced wholesalers in regards to todays financing markets (especially in Colorado) where wholesaling exit strategies are concerned.

Are banks allowing assignments? How are they treating double closings? Are llc's the best route? What is the best strategy regarding REOs? Thanks in advance for your insight.

[Jon Holdman]

Assignment, double closings, transactional funds, and buying with an LLC and selling the LLC are all methods that may work. No one method is going to work every time.

Unless things have cooled down in the last few months, the Denver market is quite tough, especially at the low end. Little inventory and lots of competition for properties.