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Updated over 17 years ago,

User Stats

387
Posts
8
Votes
Jeff Fairchild
  • Real Estate Investor
  • Vancouver, WA
8
Votes |
387
Posts

What's the structure/setup for an Reo?

Jeff Fairchild
  • Real Estate Investor
  • Vancouver, WA
Posted

Which of the below strategies would be best? Or what other ones do you have that would be better?

1. Prequalify for hard money loan. Get loan, do light fix up. Hold until able to sell to a consumer

2. Prequalify for hard money loan. Buy deeply discounted reo fixer in double close with selling to an investor for fee. If not able to find any investors, buy the deal with hard money loan and do regular fix/flip, sell to consumer.

3. Same as #2 but instead find a contractor who will do the work and split the profits of the deal.

4. Find private investor who funds the whole deal and repair cost with his money or a hml. Then we fix it up and lease option it out and hold over time, splitting profits.

5. Same as #4 but just rent it out

6. Same as #4 but sell with owner financing

Is it hard to find private investors to do this sort of thing? Is it hard to find contractors who will accept no pay in return for half of the profits?

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