Ok flipping homes forum...I have a problem, kind of a good problem though. I have many overseas investors looking to purchase properties in Atlanta. In the past I would purchase these properties with my cash then re-sell to overseas investor...not really wholesaling right? The problem I'm having now is the demand, I'm getting orders for 10-15 homes per month and don't have the cash to buy and re-sell with this type of volume. So I'm looking to just wholesale to these buyers, part of the problem is HUD and most banks do not allow assignments etc...which we all know. Just trying to find a way to do these deals...the key for me to get the business and keeping the business is keeping my cost low, which makes it tough to use transactional funding because my margin is so slim. With the promised volume business, I'm looking at $3k a deal(10-15)...with the posibility to scale up to 40-50 homes per month with these investors. Any thoughts would be appreciated...thanks.
No announcement yet.
Wholesaling The HUD....