WILL FANNIE MAE ALLOW A DOUBLE CLOSE???

Bird Dogs, Wholesaling
1

I need an answer ASAP! I want to write an offer on a property that is owned by Fannie Mae but being sold through a realtor - but my goal is to wholesale it. Is this possible??? And how???

2

Hi,

As an investor you will be required to provide 10% earnest money on the contract with the intention to buy "Non Owner Occupied"! ($100K home, $10k earnest money)

You will need to use transactional funding to close to you, and then resell the next day to your end buyer!

There is a deed restriction for 90 days limiting you to not more than 120% of your purchase price!

          GR
3

Thanks Gold River! Any recommends on transactional funding?

4

how do you plan on wholesaling it? how is your end buyer going to buy it? cash or mortgage? what prices?

5

End buyer to bring cash hopefully.

6

At what price, rheab needed and arv? If too high its not going to happen