Management companies generally use these services just because of their scale.

Also if you are making a very large wholesale fee you may want to double close so either your buyer or seller don't see how much you are making.

I can tell you quite a large portion of my practice is dedicated to clients out of state.

I know Realty Executives is pretty large they have offices in the US, Thailand, Singapore, Africa, Canada, and the Middle East.

So, it may take some searching to find the right bank.If you're intention is to build up a large portfolio, and the properties truly cash flow with the loan payment, maybe you want to use the cash they're generating to add to your portfolio rather than paying them down.

Remember the taxes/insurance are probably understated.Based on the numbers I ran in my head accounting for vacancy, repairs, reasonable PITI, etc. it looks like you wouldn't be cashflowing too much on this property that is almost 40 years old.The seller would have to come down a very large amount for this to be a good deal.

If the lender is a large bank, the property will likely have to hit the MLS, but just arrange with the listing agent that it goes pending immediately and your offer is submitted to the bank.

You have found a site with a large amount of knowledge.

However, in this letter they stated "Due to a large number of appeal applications, your appeal may not proceed to hearing for over 12 months."

A lot of large apartment complexes won't give out information without having a signed release.