Is this how it works?

Is this how it works?

First I find an REO.
Then I make an offer through the listing agent or mine.
Then I provide a POF which I got from one of our suggested companies and my earnest money check.
Then the offer is accepted(I hope).
Then I get 30 days to show the house and find a buyer.
Then I get transactional funding.
Then I 'buy' the house in one room.
Then I tip toe down the hall.
Then I do that spinny thing that makes me change into my Wonder Woman costume.
Then I sell the house to my end buyer.
Then I do my ebay dance.
Rinse and repeat.
If it is that straight forward I can handle it.

Who pays for inspections and when?
Who pays for an appraisal and when?

Lauri

__________________

" The only difference between me and successful people is they started before me."
by Shane


Lauri, Check with Michael

Lauri,

Check with Michael Mangham on that one. He does REO double closes.

Vincent

__________________

"He who is mighty has done great things for me...He has...exalted those of humble estate; he has filled the hungry with good things..." Matt. 1:49-53


Thank you!

I see that name a lot.
MDsomething?
What is his screen name so I can pm?
Lauri

__________________

" The only difference between me and successful people is they started before me."
by Shane


Lauri, Here's his

Lauri,

Here's his profile:

http://www.deangraziosi.com/users/michaelmangham

Vincent

__________________

"He who is mighty has done great things for me...He has...exalted those of humble estate; he has filled the hungry with good things..." Matt. 1:49-53