Hi DG Family,
I am frustrated! I have been searching high and low for FSBO or potential investor's to add to my buyer's list. I have come up with a BIG FAT ZERO! Banks don't want you using and/or assigns, so I thought, "okay, I'll use coastal-funding and do a double closing." Wrong! The lender's want to use their own escrow company because they get kick backs from their escrow companies. Can't do a double closing with their escrow companies. I find FSBO, but they're so UPSIDE DOWN on their mortgage it is RIDICULOUS! The mortgage companies should be shot for allowing these people to take out so much money on their houses. It seems that NO ONE has responded to any of my ads for INVESTORS WANTED. I called my success coach and told them what I was experiencing and basically, he said I should forget wholesaling and move into bird dogging. How do I do that if I can't even get the REO banks to even talk to me unless I have a proof of fund letter, etc.? I'm looking for some suggestions guys. For all you newbies who have had a stroke of luck, God Bless You! It's a jungle out there.
"FRUSTRATED, BUT NOT GIVING UP!!!"