Reos, Real Estate Agents.

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I have a problem in wich I hope you investors with the knowledge and know how can help me with. I have a real estate agent who e mails me reos in the 30,000 and down range. my plan is to assign these deals to rehabbers. do I need money up front to sign a purchase contracts on these properties or can i make and offer and then assign the contract to another investor. give me some creative ways to make these deals happen. I am a newbie and have few dollars and bad credit. but I am determined to make real estate investing a full time job. I put in hard work and want to get out of the rat race. confused

Comments(1)

  • lakeshore6th November, 2003

    Hi Shadow4

    Question do you have investors lined up to buy from you? Do you know what each investors are looking for LTV, price range, type of property, 20% to 30% or more below market etc..
    You should have min. $300 to $500 earnest money deposit for each offer you write up.. If you don't have it. find it!! GL
    Lakeshore

    I have a problem in wich I hope you investors with the knowledge and know how can help me with. I have a real estate agent who e mails me reos in the 30,000 and down range. my plan is to assign these deals to rehabbers. do I need money up front to sign a purchase contracts on these properties or can i make and offer and then assign the contract to another investor. give me some creative ways to make these deals happen. I am a newbie and have few dollars and bad credit. but I am determined to make real estate investing a full time job. I put in hard work and want to get out of the rat race.

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