Jack - Yes is can be done and you'll find more success using smaller local banks than you will with national banks.

I have had many of those opportunities.I have my doubts about the success of approaching a big bank with an offer.

Whichever you choose, I suggest you start by getting educated in that field starting right here on BP, then perhaps with an experienced investor in your area who is actively and successfully doing it!

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??

The borrower has to have skin in the game.I don't think you will have much success asking lenders to lend on appraised value and essentially allow buyers to purchase no money out of pocket.

You will have much greater success dealing with local banks where the loan officers are often responsible for their book of business and have the ability and lee-way to make deals.

The court rejected this argument on the basis that any loss suffered by virtue of the cloud on the title would be suffered by the LLC, not the Gebhardts, because the Gebhardts successfully conveyed the entire property under a special warranty deed.

If you want to wholesale the next one, dig deep and build that buyers list with solid buyers.Keep in mind that requiring at least $1,000 non-refundable earnest money on a wholesale deal keeps a buyer from pulling out 2 hours before closing.Your experience as a successful rehabber can go a long way in helping you as a wholesaler, if that's still what you want to do.

Employing Brokers:How have you been successful marketing to Agents and ultimately recruiting them?

I want to "flip", but before I "flip" I like to have some real good solid points, so I have better success when I find the property I wish to buy.I've been watching the posts in the past week since I joined BP and I decided to pay the small fee for PRO.