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Updated over 8 years ago,
Finally trying to pull the trigger but afraid will be out bid.
Hello fellow seasoned investors and bank reo specialists! My name is Brad and I am awaiting a response from an REO sale. This particular property is a duplex in Southern CA from DEUTSCHE BK national trust. I have listened to so many pod casts that I cannot reference to which I had heard such recommendation but I do remember one interviewee saying that they put together an action plan of what they planned to do with the property once obtained and that the bank accepted their offer even though in was a considerable amount lower than other offers with same terms because they submitted plans with their offer. Has anyone else ever heard or experienced this personally? If so, any advice as to what information I would put together to create such a packet/plan to present along with my offer? This will be a great buy and hold opportunity for me and it seems like these are becoming rare in So Cal sonI really want to do whatever i can to pad my chances with the exception of somply offering more because I cant offer more at this time. Thank you in advance to anyone who may be able to offer any advise or help on this one!