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

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OFF MARKET

WON’T LAST LONG!!!!

Wholesale Price: $108,000   CMV: $165,000+ Read the rest of this entry »

Written by: Jason Rodriguez 

Let’s face it the majority of us aren’t independently wealthy and haven’t won the lottery. The reason we got into real estate investing was to generate cash profits into our bank accounts for financial security for ourselves and family, at least that’s why I started.

 From my experience, Wholesaling is the quickest way to make a sale in real estate. Some investors refer to “wholesaling” as “flipping”, either way you look at it the bottom line remains the same, Wholesaling Equals Big Bucks. Read the rest of this entry »

9/18/09 UNDER CONTRACT, taking back-up offers

2107 & 2109 Little Ave.
High Point, NC
VIDEO LINK VIA YOUTUBE
List Price: $28,000 Total ERV: $60,000+
SUMMARY High Point Real Estate:  wholesale properties are 2bed/1bath sfr approx. 840 sqft each. The outside vinyl has been replaced.  Each need carpet, paint, water heaters, kitchen counters, sinks and cabinets.  One has some roof damage.  The houses are made out of concrete, very sturdy.   Will sell owner financing with $3,000 down, no payments Read the rest of this entry »