Posted on June 15, 2010 by admin

Since the “tax income credit” has expired, it is predicted that bank’s inventory of REO properties will begin to rise back to countless numbers.  This in turn encouraged me to take a deeper look into REO properties and wholesaling them.  Wholesaling an REO is a totally different monster then just a normal wholesale deal.  There are rules and protocols that you must follow or your chances to get these deals done are very slim.  You have to know what you are doing.

I begin to research more on REO properties toward the end of 2009.  That is when I ran across Steph Davis’ ebook entitled “Flip This REO“.  In this eBook, Steph covers every question that you have now and will have in the future as you begin to flip REO properties like pancakes!  Yes, that easy!!  Banks are now becoming more

flexible with the short sales and REO’s.  Steph’s book provided me with the info I needed to flip these REO properties to my buyers.  She covers every thing you need to know on How To Wholesale REO properties.   Check out the info below taken directly from her page.

What Questions Will Be Answered in This eBook?

Every Question You’ve Ever Had About Wholesaling REOs- and Then Some!

To Name a Few….

* Do I need MLS access if I want to offer on REOs? Should I get my license?

* What if I can’t get MLS access? Then what?

* How do I select a target neighborhood?

* Once I’ve selected a target neighborhood, how do I know what a good deal is in that   neighborhood?

* How do I decide which properties to offer on?

* How do I decide how much to offer?

* What about repairs- how do I estimate those?

* Can I use my own contract when submitting an offer on an REO? If not, which   contract should I use?

* Do I need an earnest money deposit to make an offer on an REO? Is so, how much   do I need?

* What if I want to make multiple offers? Do I need an earnest money deposit to   submit with each offer?

* What do I do if all of my offers get accepted at once?

* Where can I get a free proof of funds letter to submit with my offer?

* How can I structure my offer so I can protect myself and my earnest money deposit   if I can’t find a buyer?

* If I add an inspection contingency to my offers and cancel the contract before it is up,   will I get my earnest money back? If so, what do I need to do to get it back?

* How can I write my offer so it has the greatest chance of getting accepted by the   bank?

* What are the best ways to find buyers for my deals?

* What questions should I ask my buyers to find out if they are the real deal?

* What if my buyer sees that the property is listed on the MLS for less than what I am   selling it for?

* Should I get a deposit from my buyer?  If so, how much?

* What contingencies should I put in my contract with my end buyer?

* What happens if my buyer backs out the day of closing? Am I still on the hook to buy   the property?

* If I can’t assign my contract, how can I wholesale my REO deals to an end buyer?

* How can I get the bank to let me use my own title company?

* What is the best way to find an investor-friendly title company in my area?

* If I do a double or simultaneous closing, are there two sets of closing costs involved?    If so, who is responsible for paying them?

* What steps should I take to get started?  What should I do first?

Find out the answers to these questions, and many more..

Learn How to Flip REO Properties

Check out Steph’s eBook today.  For the small price of $47, this eBook is packed with information so that you can get that REO flipped!  And Steph even has a full 100% 30 day money back guarantee!  So after 30 days, if you don’t think the book was worth it, get your money back.  That is as good as it gets.

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