OfflineOkay, so I am a little frustrated. I'm doing Dean's Success Academy. One of my homework assignments is to find FSBO homes. I've gone through every online database, but to no avail. Either the properties don't fit my criteria (3+/1+ SFR) or the owners are overly priced (In some cases as much as $250k over the current market. They need a major reality check.) I live in a seasonal town in California. My area has been hit hard by foreclosures. Most of these homes were people's 2nd, 3rd and 4th homes. So needless to say, if you're going to cut your losses, it's going to be your vacation home. So here is my question... Is anybody doing REO wholesaling? If yes, how is working out? Are lenders accepting the "and/or" assigns? Thanks for your help.
KimmyJ
Check some post by CBRPower he's doing all the wholesaling that can possibly be done. He's a great example to learn from. Also, just start calling on some of those FSBO properties to get a feel for the owners whether they are over priced or not. You'll never know what they maybe willing to consider if you don't push some buttons.
Wayne
"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." — Peter F. Drucker
Thanks for the ideas. I'll check out CBRPower's posts.