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Updated over 5 years ago on . Most recent reply

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Terry Brooks
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Foreclosed REO property - How do you buy them

Terry Brooks
Posted

I want to buy REO's and resell to an investor. I'm also working with a real estate agent. This is in the Boston area for real estate

1. Can I get the REO under agreement without a LLC or Land Trust to then resell to another investor?

YES or NO

2. What are the best methods to buy and close on a REO from the bank to resell to another investors?

3. What are some key points, important things, and ins and outs I should know to make a REO a successful deal?

Most Popular Reply

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Chad U.
  • Investor
  • Boca Raton, FL
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Chad U.
  • Investor
  • Boca Raton, FL
Replied
Originally posted by @Terry Brooks:

thanks for the reply @Nicky Reader.

Also the property is on the MLS vacant and boarded up being sold by the bank and I'm going through agent. How do I get the bank to sell to me and sell to another investor.

I will also use private investors money to wholesale the REO Property.

What is the best method to close the deal like double closing? 

Why on earth would someone buy it from you if it's already on MLS when they can just buy it directly without having to pay a markup?

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