I'd say they are doing you a favor, 24K loan and one point, they must not be busy, grab it.5 yr. is customary, banks can't take the interest rate risk at 5%. :)

I might grab a few of those for the house.

Would welcome the opportunity to network if you want to grab a coffee or go to a local RE group.Cheers!

Networking 4.0 - Friend your network - I'm am constantly going to lunch, dinner, grabbing a beer or coffee with people on my network.

I'd grab that Section 8 tenant ASAP.The deal looks solid.Did you account for at least $150/month (my number) for maintenance, basic operations (lawns and snow) and big ticket repairs?

Justin: When you get here, let's grab coffee!

Also, if I haven't gotten their attention, as one mentor has pointed out to me, I don't want to force them into it, I want them to be 100% on board and confident, so how do I make them feel that way and grab their attention from the first call/open house/ mailing/ or which ever mode of approach I end up going with.Once again you guys are awesome and have helped so much.

technically the bank owns it at that point...or do you grab them during pre-foreclosure...like before papers have been servedThanks just curious

We gave him a verbal of $40k CASH no condtions & we were told to go ..... ourselves.10 days later he came back @ $45,000 & we grabbed it.here's the kitchen rehab....

They meet there, and just before they order food, the Primerica guy that set the whole thing up excuses himself to grab a table, for two reasons:1) He was too broke to buy food for the guy he invited to the interview.2) He was too broke to buy food himself.The guy you're talking to is a turd in my opinion.