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Anyone Successful In Purchasing REOs with Cash Partner

Posted by Sharon on June 05, 2002 at 2:44 PM

I would like to pursue REOs in my area, but I am broke and have a fico score of 640. I wanted to know if anyone has been successful buying REOs with a cash partner, and what advise can you give me to find a partner to put up the cash while I wheel and deal? How would I check out cash partner to make sure they have the cash to perform? Can I advertise in my newspaper for someone with cash? Please give me an example of an ad to use if you have been successful with this technique as well. Also where can I obtain a contract to use with a cash partner ONLY on a couple of deals and have my attorney review it?



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