All Forum Posts by: Timothy Otten

Wow thank you all! Bp has a great community.  Another question, is a back to back closing generally frowned upon? I mean, most banks and title companies probably won't want to work with me if I were going to use the funds from the B to C transaction and use them to buy the house from the bank (A to B transaction). Is this correct? Especially considering listing agents probably already have other buyers with cash?

I ask because at the moment I don't have enough cash to buy an reo outright. 

Thanks again - Tim

Hi, as the title states I'm trying to get my foot in the door of the reo market here in Grand Rapids, Michigan. Hoping to eventually wholesale but I'm wondering, am I too late to be jumping into this market? Pretty sure the housing market has "recovered" pretty well in this area...so would that mean I should focus on something else.