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Updated over 6 years ago on . Most recent reply

Ty Primers's profile image
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Ty Primers
  • New to Real Estate
  • from Kansas City, MO
  • Member since Jul 31, 2018
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Ty Primers's profile image
Ty Primers's profile image
Ty Primers
  • New to Real Estate
  • from Kansas City, MO
  • Member since Jul 31, 2018
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Ty Primers
  • New to Real Estate
  • Kansas City, MO
6
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41
Posts
Wholesaling

Wholesaling Bank Owned Properties

Ty Primers
  • New to Real Estate
  • Kansas City, MO
Posted

How does the process work when wholesaling a REO property? I understand I need to reach out to an agent and provide a proof of funds letter and EMD and I'll need to double close on it but what else is involved and How long does the whole process take?

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Joe Villeneuve
  • #5 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
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  • from Plymouth, MI
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Joe Villeneuve
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  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

You don't need to dbl close. Just make the offer in an LLC, and sell the LLC. The LLC will remain the buyer...just under different ownership.

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