![\"Crush](\"http://www.flipthiswholesaler.net/wp-content/uploads/2012/02/FTREO-Banner1.png\")
7/13/2009
I just wanted to write a quick post and let everyone know I’ll be taking a brief blogcation (hehe) while we put the finishing touches on my shiny new blog.
Stay out of trouble while I’m away…
XOXO
Steph
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 | Dean on Friday Night Reader Mail: Reo Wholesaling Questions Steph,Could not Michael have said that you can get full retail if you want to be the banker,and or subject ... |
| Carlos on Friday Night Reader Mail: Reo Wholesaling Questions Hi Ryan! Great to hear from you! You can reach me at my email. It is caruiz76@gmail.com, I look forward ... |
| Carlos on Flip This Success Story- Charles Rilley Flips 3 Foreclosures And Makes $35,909.69! Hi Charles! I am into the Real Estate arena and I live not too far from you, I believe your ... |
On July 13, 2009 at 5:53pm, Anonymous said...
Hurry up!
Just kidding. Can't wait to see the new design.
Ray
On July 13, 2009 at 5:58pm, Stephani said...
I'm hurryin…..
See ya on the flip side. No pun intended.
On July 13, 2009 at 8:05pm, Anonymous said...
You will be missed. I check your site at least 5x per day. So I will be going thru Tampa Steph withdrawls.
Hugh
On July 13, 2009 at 8:28pm, Stephani said...
Awww, thanks Hugh.
I'll be back before you know it.
On July 13, 2009 at 9:27pm, Chris said...
(slowly w/ a deep voice) NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
On July 13, 2009 at 9:36pm, Stephani said...
Teehee. That made me think of Will Ferrell in "Elf" when he finds out his Dad's on the naughty list. Minus the deep voice.
On July 14, 2009 at 6:17am, Scott Costello said...
haha, Chris beat me to it! so I will continue it…
NOOOOOOOOOOOOOOOOOOOOOOO!
On July 14, 2009 at 6:36am, Shae said...
Oh the anticipation!
Can't wait to see it, Steph!
On July 14, 2009 at 7:17am, ARodOfIron said...
LOL, I'm glad I'm not alone in REOSteph withdrawals!!
Here's to hoping you come back stronger!!
On August 01, 2009 at 12:11pm, Mike said...
Steph< Im brand spankin new to the REI scene so new in fact im still waitin on my Steve Cook course to arrive. My question is about a REO property with a double closing. You say you use the end buyers money at closing? Do you have to give the bank earnest money in advance or a prequal for financing to show you have the funds to get it under contract with the Bank? What does the bank require concerning your ability to buy the home? Thanks< your info is a huge help.
God Bless! Mike
On August 01, 2009 at 12:28pm, Stephani said...
Hi Mike- welcome to the blog
Yes, you will need an earnest money deposit to give to the bank, usually 500-1k minimum. When I sell to my buyer, I get a 2k deposit. If you are quick enough, you can use your end buyer’s deposit as your deposit with the bank. It’s kind of tricky to pull off, but it can be done. You should be prepared to put your own deposit down, though.
The bank will require a proof of funds letter or a pre-approval letter from a lender. You can get one for free from a transactional funding source like http://www.cashformyclosing.com.
Hope that helps,
Steph