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Author Topic: Help! Is there a way for me to wholesale REO's?  (Read 71 times)

Offline Moosewala

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Help! Is there a way for me to wholesale REO's?
« 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 https://100001.onl/ https://1921681254.mx/ .  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?
« Last Edit: November 11, 2020, 04:59:41 am by Moosewala »

 




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