They were solicitating the investors in the room for business and provided some interesting comments (because there wasn't much of a conversation - they were nervous).The broker-experienced gentleman said they only close about 20% of the deals they submit for.

So when you buy a new building with existing tenants, if the seller has sketchy info on the existing tenants, you have them submit their pertinent info, right?

Estimating too much will yield a lower offer and you may only have one chance to submit your best offer.

Our long time agent brought me a off market lead that we are preparing to submit an offer on.

I'm curious how you find the deals and submit offers on properties listed on the MLS... do you work through an agent or do you have your own license?

there may be more than one mtg.Assuming the property IS under contract as a short sale AND you are willing to pay a higher amount that would make it a regular sale, then simply submit your offer, and the let the listing agent figure out what to do with it.

My bank here in Oregon that gives me vertical for my new construction uses said services once a month before we submit for our draws.

You will have to submit plans, engineer stamped usually, for the work that was done, meeting building codes, apply for the permit, correct whatever work is not to code, then have it inspected.

Just call the old broker and tell them to relist it and you will submit an offer.

You put in an offer at $600k and the seller agrees and then you submit the offer to the bank for a short payoff approval.