Bank Owned 4 Plex

[Shawn Dandridge]

I called a small local credit union yesterday about a REO they have. It's a 4 plex, not sure if any of the units are rented are not. I plan to do a drive by tomorrow. I asked her would the bank be willing to finance the property and rep kind of hesitated. I can only put around 3-5k down and they're asking 185k for it. I figure I could go to them with a pitch of no money or very little money down since they already have the property as a non performing asset on their books. This way they could immediately begin collecting mortgage payments. Any ideas on if this would actually work and how should I approach the REO rep.

Thanks,

-Shawn