You may be able to get a higher LTV with that approach.

Some will not.The assignment approach is easier, but the selling bank may not allow it.

It seems with each deal we approach we learn something new which sends us in a different direction.

My current approach is to go at 65% of ARV - rehab costs - wholesale fee to get to my max offer.

Obviously a number of these foreclosures may have their share of "catches" (location, distressed, etc..) and would need due investigation, but all things considered, would you conosider it a reasonable approach to begin a real estate investing career on properties like these if I live on the west coast?

It seems unlikely that has happened "months before" and the broker is just now poking around.Reply: We have been approached by realitors - 2 in the past two days with letters stating a bank bought it in auction.

Steve was awesome, I enjoy his approach and his humor.

I am shocked his name isn't brought up more for steroid education

In conclusion, I agree and disagree with a lot of the points that were brought up on this thread.

But if you have an actual project you want to approach them about, then you will get some good response.