All Forum Posts by: Ted Akers

Interesting, I am working a Short Sale with Wells that did not have the "flipping" language Justin discussed. However, the mitigator did require a change from an LLC to the personal name of the "B" buyer, which poses issues for transactional funding. Someone senior to that mitigator did say it is not a company policy to not sell to entities. Banks are not liking investors profiting, but disclosure and transparency are in your best interest.

Welcome to the BP site. It is a great place for both information and contacts. Combined REO's and Short Sales recently accounted for almost half of all sales completed according to NAR, so your business focus areas should be on target.
Best Wishes

Welcometo Bigger Pockets. One funding option for your wholesale deals is Transactional Funding, which will provide 100% of your purchase for same-day flips.
To your success,

Leveraging your money with a rehab lender, bird dogging, or wholesaling would keep you in the game. bird dogging would be a great place to start and set your sites on wholesaling. Look for a rehab lender in your local market is you pursue a fix and flip. You can also use Transactional Funding for 100% of your purchase if you are able to find a same-day buyer.
Best Wishes

Hello Carlos, This site is a wealth of information to help you get started. You may want to check into a local Real Estate Investor Association for possible partners. You can also fund 100% of your wholesale purchase if you have a same-day buyer. Good luck getting started.

Hello Arlene, Welcome to Bigger Pockets. Wholesaling is a good place to start. You may want to check into local REIA's (Real Estate Investor Associations) for partners/mentors. Also, Transactional Funding is an option to fund 100% of your wholesale purchases for same day flips.
Best Wishes

Welcome to Bigger Pockets. You have found a site with a wealth of information and contacts. Best Wishes starting in the wholesale arena.

Hello Steven, Welcome to another Denver member. You will find this the best site for both information and contacts.

Hello Judith, Welcome to BP. Your focus on REO and short sales should serve you well in the current environment.

Hello Jerry, Welcome to Bigger Pockets, and best wishes on your wholesaling venture.