HOW CAN I WHOLESALE REO?

[Lawrence Monyei]

So if I want to wholesale REO and I cannot use an option to assign it to another investor, and I don't want to own it by involving or financing it with Purchase and Sales Agreement (PSA), how or what other ways can I wholesale a REO?

Thank you.

Larry Monyei

[Joe Villeneuve]

Kind of.  Here is the order:

1 - LLC makes offer
2 - Offer accepted
3 - Sell LLC to another investor (this is the substitute for traditional wholesaling)
4 - LLC closes on property...with new owner 

The agreed offer is between the REO source and the LLC, so the LLC must close. The original owner of the LLC isn't the one expected to close.