I’m very new to this whole wholesale houses and I’m very interested. I seen a property more like a apartment build that’s been foreclosed. Its a 11 bedrooms 7.5 bathroom with 2 car garage with a inlaw quarters over the garage. Bank is asking $80k is this possible to wholesale?
$80K - what? Did it burn to the ground? There is something fishy about this. Find the fish and see why it stinks first.
But, to answer your question - yes you can wholesale a REO. But, you cannot assign the contract. You can either do a double close with transactional funding or your can set up a LLC and sell the LLC. I personally think a double close with TF to be an easier option.