All Forum Posts by: Steffan A.

Thanks Steph. I'm on it.

Thanks Will. These are 2 separate transactions. I buy from the bank and close. I sell to a cash buyer via a separate contract and another closing. No assignment takes place. No seasoning issues. Got it? Who do you suggest I hit up for the EMD?

Thanks Steph and everyone else. I'm seeing that I may need to increase my EMD which will aid in my offer being accepted quicker. So i'm thinkin' i should find another partner to put up the depo and pay him back from a funded deal. Anyone's feedback?

Interesting J. Is there a way to avoid the cert funds? My LOI-offer states earnest money to be paid at closing. I try not to put any contingencies in.?

Thanks. J. Is that 20k earnest money in certified funds? if I have 10 offers out there, i can't tie up 200k. Anyone's input?

It seems that some are looking to bulk reos,some are too busy rehabbing and others are cutting me out and doing reos themselves. I use flash cash for my deals with a cashbuyer. Your input.

Hi Everyone. My buyers have retreated into the woodwork. Any suggestions for finding some more? I've done craigslist,backpage, shopper papers, social mkting, Yahoo groups. My model for acquiring Reos is a bank prop 90days or older, a 5k earnest money, low offers with no contingencies and a POF. Then flip to cash buyer via simultaneous close and no seasoning problems.