OfflineI've been looking at houses for sale in my area to do IEE or Contract Assigning. A lot of the homes in my area are foreclosed homes that realtors are acting as the representation to buy it. I have been told that I can put the homes under contract. I'm thinking of targeting investors since it seems to be less of a headache, not having to deal with them getting a bank loan and all. Im not gonna count out people who need financing though.
But I want to know...is it best to do IEE or Contract Assigning with a FSBO or a Bank-Owned Foreclosure?
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Congratulations on taking action. I believe each home may be a different opportunity based on the numbers. Your profit potential for each deal may dictate what the best way is to proceed. You may want to build and expand your buyer's list and determine what the buyers are looking for and, in turn, learn the best way to complete the deal for your buyers. Good luck on all your deals. Believe and Achieve!
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I wouldn't totally rule out one or the other. It's better to keep an open mind to any opportunity. Bank foreclosures are a great way to start. They just take a little longer to work with. As for working with FSBO, They can be a rather quick way to start. Much success.....Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"