Hello, I wanted to know if it was possible to wholesale city owned properties and how I would go about doing that? Thank you very much!
that questions is pretty broad… As laws change state by state… In my city it’s a pretty lenghty process and filled with bureaucracies… Not a lot of people pursue these houses here, but it doesn’t mean this is the case in your city.
If you are able to have a reliable source of real estate deals through the city, this could be very good for you.
The process could be different, but the fundamentals the same… for city owned or bank owned, i would always try to double close. This would circumvent a whole lot of issues if you simply assign the contract…
I’d recommend you head out to your counties real estate office and ask them how to acquire city owned properties.