When trying to wholesale a pre-foreclosure,is it possible to offer a seller who's in pre-foreclosure the equity in their home and then use that as the offer?

Or look into the wholesale forum for info on how to put a property under contract while you are completing the repairs.

I'm looking to wholesale it @ $209 for a $51k fee.

If you flip, wholesale, refurbish and other things you are investing your time to create equity or to create lump sums of cash.When you hold long term as a rental you are trading time for money.

Check in some of the wholesale threads for detailed info on how to structure.I would approach the transaction from the aspect of push come to shove, buy it myself.Again I would ask, why is the seller selling?

hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or credit and will allow me to actually retail these properties to end-buyers and not just wholesale them for a small profit to other investors, it sort of goes like this.1- locate and market to the people in pre-foreclosure, 2- once they contact me setup an appointment with them, 3- setup a land trust with them ( which they will be the beneficiaries and either me or a disinterested party the trustee)and have them sign a "warranty deed to trustee" doc which i will record at the my local court house, 4- also have them sign over there beneficiary interest to you which you'll store away for protection of problems that might come up in the future 5- start marketing the property as well as working on the short sale with there lender, 6- once i have my end-buyer (and hopefully my short sale is accepted in time) have my title company perform a double closing to pay off the first lender as well as myself, and to give the end-buyer clear title without any seasoning issues coming up (which i was told there has to be two separate HUD's, two separate escrow accts and etc)so my questions are: do i have all the steps down correctly or am i missing something?

This sounds like a house you just may want to buy and wholesale to an investor without doing anything to it.

This would be my first wholesale deal.

I have completed a few short sales and wholesales.

My doctor told me I couldn't work any more, so I support myself and wife with real estate.I have done some foreclosure stuff, rehabs and wholesale flips.