Top 5 Questions About Wholesaling REOs

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[ad#Banner1] Of all the questions I get from readers about the mechanics of structuring and completing an REO wholesale deal, the one I get asked most frequently is how to handle the closings. I thought I would post a few of the most frequently asked questions, in hopes that it would clarify the process for you….. Here we go… * Can you assign an REO? 99% of the time- NO. Most banks will have a clause in their addenda that …

What is The After Repair Value?

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[ad#Banner1] A sticking point for many new investors trying to wholesale real estate is having to figure out after repair value (ARV).  With out getting a good sense for what the house is worth in good condition, we will not know what to offer in order for us to make money.  This is arguably the KEY to being a successful wholesaler.  So how do you figure the value of a property? The first place you should go is your local …

How to Find Distressed Property Leads

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How to get leads? The concept of wholesaling real estate is a simple one, you sell the house for more then you buy it for.  It’s the same thing that Costco does with their products just on a larger scale.  The problem is that finding the good buys is hard to do when you are a beginner and that can become really frustrating.  That frustration, in most, will lead to giving up. I’m not going to blow smoke up your …

Wholesaling Real Estate – Assignments

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So you have a property under contract and you aren’t sure what to do with it now. How do you wholesale real estate when it’s a Non-Bank owned property? Well the first thing you have to do is find yourself a buyer. Once you do this there are a few ways you can wholesale a property in today’s market and this article will discus Assignments. Assignment of Contract. This is probably the easiest and the preferred way of many investors …