Best Way to Wholesale HUDs and REOs

[Jeff Carroll]

Hi Group!

This is my first inquiry to BP but I've learned a lot from the site and appreciate all the advice that is so freely shared!

I have a few transactions under my belt as a Realtor and have also flipped a few short sales. I've also worked with some rentals and mobile homes too.

From all of this, I've learned I want to start focusing on wholesaling. I know I need to get offers out there so I've been marketing to probates and driving for dollars but I want to make more offers than these leads are providing.

I really want to start making offers on REOs and HUDs but I don't have the money to buy and double close to re-sell them.

I have read about using an LLC as the buyer then selling the LLC but I'm seeing more and more REOs asking for POF with the LLC as the account holder - which I don't have since I would be creating this LLC just to sell.

I've been studying more with Land Trusts to simplify the exchange to the end buyer, but haven't found any info on using a Land Trust to make offers on REOs or HUDs.

At this point, I'm at a lost for ideas on the best way to make offers on HUDs and REOs that will still give me a good chance to have my offers accepted AND make it easy to assign/sell to an end buyer without needing to double close.

I hope someone has a great technique they are willing to share!

Please help a relative newbie!

Thanks in advance - Jeff