i never understood people trying to wholesale REO's the REO sellers for the most part will not allow "and or assigns" on the contract, so unless you do a simultaneous close, and use someones money for a a day, i dont see it working out well, besides, your gona forfeit the ernest money if you dont get a buyer, just find the money and buy it, and resell it legitimately  

I'd love to use these as collateral on business line so I can make improvements, $10,000 or less, and resell or lease out.

Because it's a converted property it would be a challenge reselling.

They will provide insurance when I resell but not on my purchase.

I have been mainly working just the suburbs of Buffalo with auctions/foreclosures that I rehab and resell, the city itself has plenty of deals too but on the whole I see most of them as buy/holds right now.

Simply because their names are published by RealtyTrac, or any other info reseller, doesn't necessarily mean the homeowners want to sell, or need to sell.

Townhouses and SFH come with less hassle and less fees and reselling them doesnt depend on the whole project qualifying to do so..

Also, when you are flipping, having the report allows you to correct all the items on it so when you re-sell, the buyers inspector has to fight like hell to find anything wrong with the home (which they always do).As for utilities, I make sure the bank turns them on (if not already) by the inspection date.

I will buy them and then resell them, occasionally I will do nothing other than wash it and take better photos.

I personally like the easy transactions and so I buy, clean, paint and resell for $30K avg profit.