If you get put on a realtors email list for properties under $25,000 can you get the bank to really sell them for around$5,000?

[Alexaundra McCormick]

I recently finished watching larry goins video on how to get houses for $5,000. Never heard of this strategy but pretty much hes saying you can get on a realtors email list for the properties they have under $25,000 listing. Then when they send you one you can put in an offer for $5,000. If it doesn't get excepted you keep putting it in until they except your offer.

Now my question is can you do this as a wholesale. Once you get the offer excepted can you immediately have your cash buyer buy it for like $15,000 or more from you and then close the bank listing that way or must you show proof of funds to the agent before even making an offer on these types of properties?

It seems like this is the better way to go in starting out as a new investor because you can strive to get the properties for dirt cheap and then wholesale them. I know banks go down about $3,000-$5,000 a month if its not selling so would you recommend trying this strategy as a newbie.