quick question..

**i_invest** · 11-08-2006, 02:31 PM

im in the process of buying a foreclosed house cheap,but it needs alot of work and i dont want to do it. i just want to turn around and wholesale it and make a quick profit. where would i find someone that would be interested in buying it from me once i buy it so i dont have to put any money into rehabing it.

**Sparks** · 12-09-2007, 06:24 PM

And I bet you want to make a handsome profit as well?

Unless it was a private sale, hungry investors have already seen it.

Good luck with that.

**REbuyersgroup** · 12-09-2007, 06:39 PM

True that. Unless you are paying cash, no bank will finance a rehab. I would pass on it.

Investors should have a very good relationship with a seasoned agent. We get a lot of deals before they hit the market. Generally, if it's on the market, it's probably not such a good deal.

I do know a lot of agents that will not work with "Investors" because they are generally a pain in the A$$. I recently had an "investor" put in a VERY low ball offer on a Short Sale, and 2 months later when the bank asked for $10k more, which was still an incredible price, he walked. Thankfully I had a nice family that wanted it and were more than happy to pay the new price. They got a great deal, and the investor lost a solid resource. No more deals for him... (Hope your listening Doc)

**DrewMurr2** · 07-21-2008, 03:01 PM

You really have to ask yourself if your really going to find a buyer for this property. How did you find it? If it was an avenue available to everyone else then they have already seen it and passed it up. Maybe, just Maybe if it were a situation where you bought it off your best friend for 30% market value, you could turn around and sell it to and investor for 60% market value. Keep in mind no one will get financing on an unfinished house. Good Luck.