Does any one know of a way to buy and sell bank owned property with out using my own money or credit. :banghead
You need to raise capital from private individuals or you need to wholesale properties to other investors who can raise capital.
Yes. You can use the quit claim method, LLC method (buying and selling the interests of the LLC) , simultaneous closings, or transactional funding.
Nate-WI
Honestly, it would be very difficult. Unless you want to buy 1 REO at a time and use a private lender to acquire the property then re-sell the house for a profit.
If you want to buy in bulk, you need major financial backing and good contacts to make sure you’re dealing with the bank itself and not 3rd party wholesaler broker.