Can You Wholesale a REO Property?

Описание: In this video, I will answer a question I receive all the time...
Can I wholesale REO Properties?

The short answer is YES you can. Me and Paul have done this in 44 states.

The seller is the Bank and The Bank’s contracts are not assignable.
That means you need to actually buy the property. Now once it is under contract with the bank you can start marketing the property.

Best case scenario would be to find a buyer before you close on the property and you can do a double close. A double close is Buy a property and sell the property the same day.

If you don’t have a buyer before you close but you know it is still a deal, still close on the property (buy it) and then continue to market to sell it.

If you don’t have the funds you may need a transactional funder or private lender.

Me and Paul actually purchase almost all of our wholesale deals (REO and non-REO) so we can maximize profits. Cash, owner financing, or wholetailing (light renovations).

Hope this video was helpful. If so, please like this video and subscribe to our channel. If you have any questions feel free to comment in this video and we will answer them. Thanks and have a great day.

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