Many new agents fail to make enough commission to cover their operating expenses and their living expenses.

I got started by using the banks money.

The bank always finances on the LOWEST amount between the purchase price and economic value as determined by revenues and expenses.

Since the bank/lender Imwill finance from has significant skin in the game, how much credence should be put into their due diligence of the business / deal?

Also, the house I own the mortgage is through Bank of America, should I go with a local bank to get a mortgage for these properties?

I'll shed some info;Deal was found on mls for 177k, we offer 160, closed on 162k, did everything I had to do on the inspection period etc etc, seller god the final hud from the bank and realized she needs to bring 6k to the closing table , so for us not to lose the deal we offered to bring to the table 6k( her agent give up on 2k of her commission ).

Have you tried calling your local community banks?

I'm doing a cash our refi and the bank needs this info today.

Some big banks will even match the rate of discount/online brokers.

For example, if the insurance company declares the property a total loss, pays the homeowner the equity they are owed, does the insurance company then own the property sub to the bank financing, or would the insurance company also have to pay off the bank and own the property free and clear, and then sell it off similar to how a bank might with a REO?