virtual wholesaling strategy

[Ashley Walker]

I've just jumped into virtual wholesaling! I've researched and I'm a little stuck I wanted to know are there any auction sites that I can wholesale from it's a little hard trying to get hard money loans for auctions.

[Jay Hinrichs]

@Marvin McTaw   few additions to your post

we buy ALOT from auction sites.. not only do you have the 2500 which they process and that is per deal.

but the EM in most cases is 10% or about 5k per deal as well.. not often is it 1k and actually I have never seen it.. but then again I am not buying 20k houses either.

Then you need to have a REAL proof of funds and you need to then CLOSE in the name of the company you provided proof of funds in.. you can't assign.. and with the off shore or nationwide title companies they use.. double closing is virtually impossible.

So for me I like Auctions they keep the no money wholesaler out of the game and allow us access to the inventory without running up prices from those that can't actually close.

@John Thedford  John do you follow auction sites ?