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Updated almost 4 years ago on . Most recent reply
conflict of interest question
Hey Real Estate Rock Stars!
The person I’m negotiating with on the property I want to buy is not the owner but is power of attorney for the estate of his family member who passed away.
He is also VP of commercial lending for a small local bank.
My real estate books say to reach out to this kind of bank as they often have more flexibility.
Would that create a conflict of interest or ethical issue?
I would be in touch with the residential lending side not the commercial side where he works.
thanks!
Most Popular Reply
Jonathan Greene
#5 Starting Out Contributor
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Jonathan Greene
#5 Starting Out Contributor
Professional Services
Pro Member
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
I would actually use that as positive leverage. Here is my offer and I am happy to do my loan with your bank. It is not a conflict of interest in this context.
- Jonathan Greene
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Zen and the Art of Real Estate Investing
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