This seems to me to be something that may not work at all. I am reading other people comments and talking to mortgage brokers and it just seems like this system isn't going to work. I am curious to know who is actually doing any of this and are getting results. Anybody please let me know. My friend who happens to be a mortgage broker says that it won't work unless it is a for sale buy owner but then again he is not understanding how I will get paid. He doesn't understand who will actually give me my money. I can't confidently tell him something when he has been doing this for over 8 years. He also told me for instance if I wanted to get a foreclosure under contract for 100,000 and sell it for 110,000 that the bank would want to take that 10,000 i stand to make. If this is the case none of this is worth doing at all. I am in Florida so I don't know if Florida is just one of those places that the system doesn't work. He tells me that all the investors here just do a double closing. Any information would be helpful. Thank you
This seems to me to be something that may not work at all. I am reading other people comments and talking to mortgage brokers and it just seems like this system isn't going to work. I am curious to know who is actually doing any of this and are getting results. Anybody please let me know. My friend who happens to be a mortgage broker says that it won't work unless it is a for sale buy owner but then again he is not understanding how I will get paid. He doesn't understand who will actually give me my money. I can't confidently tell him something when he has been doing this for over 8 years. He also told me for instance if I wanted to get a foreclosure under contract for 100,000 and sell it for 110,000 that the bank would want to take that 10,000 i stand to make. If this is the case none of this is worth doing at all. I am in Florida so I don't know if Florida is just one of those places that the system doesn't work. He tells me that all the investors here just do a double closing. Any information would be helpful. Thank you