The money isn't in escrow, it's in my pocket.I have heard this fear as a recurrent theme from many a new wholesaler, but the fact of the matter is that if you're providing quality deals, your buyers will not want to burn their bridges with you.

There's ALOT of moving parts to buying a 150 unit MF: only getting started by mentioning a per property LLC, SEC registration PPM/subscription/Op agreement, lenders, bridge loans, rehab escrow etc etc.It'll take self education from a few experts and putting your dream team together in your location to be credible to sellers, broker and lender, they all will interview you

But don't worry about this bridge now.

Long term is what I always go after and not burning bridges is right!

Obviously, I don't want to burn that bridge in case their motivation changes in the future!

Old house needs everything.Checked tax records and found owner lives In LA, and this is a probate house.Will I be burning a local bridge to contact the owner directly to discuss purchase?

I don't want to burn any bridges by cutting them out but I also don't feel it's fair to simply give over a portion of my income each month for someone with no capital investment and no participation in the day-to-day operations.

If they weren't being nuts about the fees to close it would be a nice little bridge loan to longer-term financing though.

My goal is to lend to investors - Specifically, people whose exit plans are to buy and flip, buy, rehab and flip, or investors looking for bridge loans until they can get traditional financing etc.

It depends on how you view it.I agree with J Scott and I am sure others will disagree with me and him as well.I also believe these costs wouldn't be an issue if the are accounted for before the purchase.In other words run the worst case scenario and if that doesn't happen then you are better off than you thought.It also depends on the potential "book of business" you will be getting from the relationship.If this is a big seller who has a large portfolio of properties selling in the millions of dollars than that is different from an investor selling an occasional 50,000 flip.If I am a broker/agent playing in that range I need to make every little cent and as a broker/agent someone cutting me on every deal will be a turn off to do future business with them.I just think you will burn more bridges than you build.For everyone's information the REO companies are some of the nastiest unethical companies out there and treat brokers/agents like slaves.Everything from a 2% co-op to paying off the net to belonging to 10 organizations charging hundreds of dollars each a year to paying for computer platforms,etc.I could go on forever but many seasoned REO brokers have left that side of the business.For the investor the investment makes sense based on the return but not for the broker/agent.