Hard Money, REO's, & Wholesaling

[Erik Carrion]

I'm brand new to this thing, and while I have an educational background and some employment experience in the field, this is my first foray into actually putting together a deal for myself.

I've decided that the best way for me to build capital is to use hard money to purchase REO's and then wholesale the property. I'm looking for advice on:

1. Approaching hard money lenders. **Has anyone worked with hard money lenders in NY?? Any recommendations?? I've already called some lenders, but haven't heard back from them. Should I take the proactive approach and just go to their office with my proposal in hand?

2. Approaching the bank if the property hasn't been listed yet. What's the best way to make an offer? How long does it usually take to hear back from them?

3. Once the purchase is completed, what's the best way to market the property. I'd like to go via mls, but the commission will just eat away profit. Should I go with them anyway or is FSBO a better route?

Thanks for all your help guys...You have no idea how much it means.

Erik