Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: Moosewala on November 07, 2020, 07:44:29 pm

Title: Help! Is there a way for me to wholesale REO's?
Post by: Moosewala on November 07, 2020, 07:44:29 pm
Here's my dilemma,

I have a bunch of rehabbers looking for some good deals, but are too busy to look.  There are some pretty good REOs in my area ( ( .  However, I can't even begin to negotiate with the banks until I can show proof of funds in my bank account.  Originally, I was going to use Coastal Funding to set up a double closing, and they sent me a proof of funds letter, but since the funds are not in my account and I can't get a line of credit extended to me from Coastal, my agent won't even present my offer because it doesn't meet the requirements which are A) a mortgage loan or B) an all cash buy.  What should I do?