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Updated about 13 years ago on . Most recent reply

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11
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Al Elliott
  • chicago, ILLINOIS (IL)
9
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11
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An interesting Question about REO investing

Al Elliott
  • chicago, ILLINOIS (IL)
Posted

So i was talking to a lawyer about my business model and i asked about double/simultaneous closing for wholesaling banked owed property, he basically told me that its not possible, there is a 90 day seasoning and why would a savvy rehabber investor who has access to the mls go to you for these properties. so here is what i propose to investors that wholesale banked owned properties,

First off how do i get around the 90 day seasoning, if there is any seasoning and most savvy investors has mls access so how would i make reo properties attractive to an investor with mls access, what properties on the mls should i target

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5,826
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Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
  • Lender
  • The Woodlands, TX
9,079
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5,826
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Don Konipol
#1 Tax Liens & Mortgage Notes Contributor
  • Lender
  • The Woodlands, TX
Replied

If you are asking how do I compete with cash buyers with none of my own money in the deal the answer is through your superior ability, contacts and experience. If your ability, experience and contacts are not superior then you find a new field of work.

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

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