Wholesaling REO's/Foreclosed Homes

[Chase Colon]

Has anyone had experience wholesaling foreclosed homes? Please don't try to convince me it can not be done. It can be done and I've seen people do it. Unfortunately, I haven't been able to gather any info from those people. In NJ, you can legally wholesale a bank owned property by going under contract in the name of an LLC, and then by selling the LLC prior to closing. Land contracts are also legal vehicles to do this from what I understand. If you have done this before anywhere in the US, I'd love to hear about your greatest challenges to doing so as well as what you learned.

Thanks in advance. 

-Chase