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Updated over 9 years ago on . Most recent reply

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Vivian Hernandez
  • Bridgeport, CT
1
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39
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Can you wholesale foreclosures?

Vivian Hernandez
  • Bridgeport, CT
Posted

l have access to some properties that can be flipped. Some are foeclosure, how can l wholesale even if its listed with an agent?

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344
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David Dey
  • Investor
  • Lakeland, FL
603
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344
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David Dey
  • Investor
  • Lakeland, FL
Replied
Originally posted by @Vivian Hernandez:

l have access to some properties that can be flipped. Some are foeclosure, how can l wholesale even if its listed with an agent?

First, get the property under contract.  If you need a proof of funds/ pre approval letter go to this site. http://www.besttransactionfunding.com/index.php?op...

Make sure you get the contract set up where you use your own title company for closing or at least buyers side of the closing, even though you will be responsible for the costs.  This will allow you to work with a "friendly" company while doing a double close.

Use either besttransaction's transactional funding to give you the cash to close the AB portion of the sale and your BC transaction will pay off your transaction funder.

Hope this helps

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