To give some more information on my plan, I am in the beginning stages of contacting lawyers, agents, contractors, mortgage brokers, and hard money lender to build out my contact list.Simultaneously, I am beginning to develop systems for generating leads.I have been listening to the BP Podcast for the past year and it has been a tremendous help in driving my interest in REI.  

Always helpful to break up into paragraphs.For starters, Bank Oened is a term usually reserved for an REO property; one that has reverted to a lender after foreclosure has occurred.What you have is a pre-probate situation in risk of foreclosure.POA is only good as a proxy for passing title during the lifetime of record owner and most title companies want a POA for a specific property transaction. 

-the property is in a non warrantable condo complex-loan size of $70K-$75K-property is rented and has good cash flow-I would prefer a fully amortizing loan (no balloon payment); so preferably a 30 yr with 30 yr amortization but would consider a shorter, fully amortizing loan as well-Looking for a LTV of 75-80%The deal size is too small for a lot of lenders (including B2R).

Does anyone know a lender that can fund the purchase and rehab of a mixed use commercial/residential building that can then roll both into one loan with decent terms?

Once we finally found one, I guess there was some sort of confusion with the lender and they backed out.

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.

Hello all, Im looking for private money to buy a 6 unit apartment to reposition and refinance in 6 months.I am looking for lenders who can do better than hard money which is at 12 percent and also commercial lenders who can help me pre qualify for refinancing the property after.

Hey Everyone,I'm interested in learning more about unique opportunities to purchase rental properties. 

When I was a full time agent in Chicago I always checked the status of attorneys, lenders, etc, on Yelp because the good ones are almost always there.

My lender told me I could not use it unless I have 25 percent equity in my current home or my place of employment is closer to the new home.. is this true and has the rules changed?