Jonathan Steingraber
Where should we bank?
Does anyone have a good experience with a local community bank to fund rehab deals and get lines of credit? If so, please share comments. Thanks in advance!
Karen Dayley
Bank owned 6 plex
I have been looking at a bank owned 6 unit property that has been on the market for over 700 days. It is owned by a local bank. They are asking $195K. There are 5 - 2 bedroom and 1 - 1 bedroom apartments. Most of the...
Jared Emerick
Sub2 bank note called
Hi,Just interested to hear experiences of buying sub2 when either 1.) the bank called the note due and what was your exit, did you get out of the note being called? Or 2.) when you were buying sub2 you actually did no...
Tom Lane
Offer under bank ask
I'm sure its been asked/answered a million times, but, I'm looking at a bank reo tomorrow and would like to hear what folks are offering UNDER the ask...Its listed at 37,900, down from 60k since February. It wants a r...
Lourdemir Aime
Seller Owe the Bank
Hello BPI have a seller that I am currently talking to get property under contract, and she agree with an offer. But she claim she owe the bank.Please advice me on what I should doThank youLourdemir
Marc Yun
One West Bank OWB
Hi BP'ers, can anyone share their experience purchasing or attempting to purchase a REO from OneWest Bank (formerly Indymac)? I've read mixed reviews on the internet, couldn't find much here - any feedback would be g...
Logan Tolson
Bank financing property requirements
I am looking at a property with federal pacific breaker boxes. My question is will a lender do a conventional loan on a property with those breaker boxes considering there was a lawsuit for them burning houses down. A...
Jay Thomas
QuickBooks Desktop - Bank Feeds
Hello All, I have decided to upgrade from Excel to an accounting software and I have decided to go with QuickBooks due to scalability of the software. I have multiple entities and cannot justify paying per entity ...
Adam Coleman
Correspondent Banking System Question
Does the worldwide correspondent banking system rely upon NYC? In other words, (hopefully this would never occur but) if Russia nuked NYC, would both the United States financial system and the worldwide financial sys...
Ben Boru
Negotiating the bank down?...
Here is a mortgage statement from a homeowner that is being foreclosed on. He wants to sell to me. Can I negotiate some of the interest and late fees down from the bank? And what is the best way to approach that conve...