Bank owned but not listed - opportunity?

[Kyle McCorkel]

Driving around seeing some bank-owned properties that are vacant, but nothing is going on.  Property is not for sale...yet.

Is it worth reaching out to the bank directly to try to get these properties? What are some best practices for doing this?

[Don Alder-LaRue]

It is unlikely the bank will sell to you directly without placing the property on the open market first.   I've seen investors try this, but have yet to meet one that has been successful.   

If you see a property that you are interested in, take note of the address. Contact the real estate agent on your team and give her/him the addresses. He/she should be able to set the MLS to give him/her and you a notification that it is now on the market so you'll be the first, if not one of the first, to go see the property and set your offer.