OfflineHello all,
I have not posted before, but i have been reading for quite some time now and i am struggling with the REO offer process. I have 2 real estate agents that i'm working with and i have been through some great potential properties, but i haven't made an offer yet because i'm not sure how to structure the contract so that i can wholesale it. I have seen LLC concept and the land trust concept, however, has anyone done one of these? If so, when do you introduce this contract? After the offer to purchase, or as the offer to purchase? And which is the cleanest approach to be able to successfully wholesale the deal and have the REO agent accept it? I could do a double close, but transactional funding is so expensive! I just need some guidance from someone that has been through this, Please. I live in Northwest Indiana if that helps with state issues. Any input would be greatly appreciated!
Also I would like to contribute a video I had seen that was awesome in regards to why we don't take action! I know Dean speaks of this all the time and this video nails it! Enjoy!
http://www.youtube.com/watch?v=sUmooRyU0Bg
Thanks Thomas,
That's exactly what I thought! I hope it helped spark you! Now if I can just get some help with my REO dilemma! LOL!