I just found out a property is owned by a bank, it's abandoned, i believe there were squatters and I want to acquire it, with the full intent of brrrrr'ing it.What should I do before approaching the bank that owns it?

Investment Info:

Small multi-family (2-4 units) other investment in Covington.

Purchase price: $4,800,000

Cash invested: $4,800,000

Sale price: $4,800,000

This was a package of Duplexes, single f...

Why do banks not want to lend for distressed properties?

How to locate properties from banks which are distressed to buy? Thanks

I found a distressed, unoccupied home in a great little sought-after neighborhood. I looked it up on MD's real property search website and it appears that the bank owns it as of Oct 2014. My plan was to send the owner...

As a cash investor, some property can be bought in which the banks wouldn't otherwise have approved a loan for.If these properties are bought up and rehabbed is there a way to guarantee a bank will be able to cashout ...

Need some advice.  I am looking to buy distressed property(3 BDRM, 2 BTHRM 1.4Ksqft), it was listed as 60K owner is willing to take 45-48K because he said he owes the bank.  I was going to put down $1,500, try to use ...

Hi,
How does one approach the Bank (BofA) to purchase a property that is already under but no NOD has been filed. Has anyone attempted this process?
Thank you!

I recently got a  property under  contract for 140k and  had  3  contractors  quote  me on  how  much it would be. Which was over 40k in rehab cost on average.The  bank believed that the listing realtor  undervalued t...

There is a rumor going around my circle. A general contractor is said to have an agreement with a couple local banks where they pay him to bring properties to liveable condition. Roof, mold removal, other safety issue...