And here's the kicker: If the Bank and their Agent can't find anyone to pay more than $120k, what is it about this deal that they know, but you don't?

Are there any banks doing 15% down on commercial properties these days?

@Chris Seveney Question for REOs, Is it common for banks to purchase at the auction and then re-auction the property rather than placing it on the MLS or the HUD?

Buy it through a bank or private or hard money.

You may get same results of pitting the money in the bank.

Loan origination fees normally range from $800 to $1,100 depending on the size of the loan and the size of the bank.

question is for mortgage lender... but there are loans for one year tax returns great credit and some cash in bank

Your renter can pay free if they pay by bank account, however if they pay with a credit card they pay.

I have to agree with Account ClosedYou probably need more financing and more education before you buy an investment property.I would also call every bank to find out what their lending terms are anyway to get  more educated.Why not a 4 unit with another bank?

I’ll say two things though, one is I’m sitting on a good amount of cash (relatively) and hate seeing it just sitting in a bank (though would hate to lose it).The second is I am slowly building a network.