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Updated 5 days ago on . Most recent reply

User Stats

5
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Nicholas Boccella
  • Rental Property Investor
  • Clark, NJ
3
Votes |
5
Posts

Bank questioning how I found a deal.

Nicholas Boccella
  • Rental Property Investor
  • Clark, NJ
Posted

Hello all, 

I recently found an off market deal from a friend of a friend.  The bank is asking how I found out about the deal if it wasn't listed.  Is there anything I should look out for when responding to this question?  I am not sure what the bank is looking for with this question.

Any advise would be appreciated.

Thanks,
Nick

Most Popular Reply

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2,267
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1,134
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Peter Mckernan
#3 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
1,134
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2,267
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Peter Mckernan
#3 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
Replied

You should not have any issues answering this question, it should be found it through a friend/person I know etc. The bank will not stop the deal because of where you found the deal.

  • Peter Mckernan
business profile image
The McKernan Group
5.0 stars
33 Reviews

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