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Updated almost 10 years ago,

User Stats

44
Posts
3
Votes
DaVon Brooks
  • Wholesaler
  • Nashville, TN
3
Votes |
44
Posts

Hard Money for Foreclosure

DaVon Brooks
  • Wholesaler
  • Nashville, TN
Posted

As a new investor, I've joined a few free trial sites that list foreclosures and comps in the area. The profit margin for some of these homes based on comps in sq ft, room numbers and location are great for investors that have the money to acquire the property. However, would a bank allow a Wholesaler, such as myself, to assign my rights to an investor? I have seen different forms of this question and a variety of answers. Is it on a case by case basis? 

Should I look into obtaining a Hard Money Loan and just buying the property myself, doing the rehab and putting in back on the market? Nashville is hit-up hard for residential property. 

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