He said that in general I should ask the bank and if the end buyer is getting financing I should ask their mortgage broker how it needs to read on the hud.With all of that said , what do you guys typically do in order to wholesale your short sales and get paid at closing?

He said that in general I should ask the bank and if the end buyer is getting financing I should ask their mortgage broker how it needs to read on the hud.

We were set to submit the offer today but after reviewing the numbers with our mtg broker decided that we would be getting in over our heads.

Other than trying to broker a deal to get a piece of the action that is?

So are you a real estate, broker, renting investor, flipping investor, or testing the waters to see whats best for you?

I believe I have completely respresented all of my clients and am not afraid to go to my broker or others who know situations better than myself.

My sweat equity and wise spending on materials/labor has led RE broker to expect it to sell for 30% profit after investment/broker/taxes, etc.

You may also need to hold them for a while for seasoning.I'd make some calls to mortgage brokers in the area or look for some of the lenders here, and see what terms you might actually get.You need to be sure the rental market is really there.

BPO = Broker Price OpinionA BPO is when a lender sends out a real estate agent who determines an opinion as to the value of the property and reports that value back to the lender.

If you're going to need an additional loan, you should speak with mortgage brokers or potential lenders.