hard money - Posted by Monti

Posted by Angel Gutierrez on June 13, 2001 at 18:50:23:

Tell the bank you’ll buy it from them if they finance it for you-short term of course… If they say no, congratulate them on their new addition to their REO portfolio and when they have something they’re willing to assist with, to let you know and leave your business card. Then call back every 6-10 days until they cave in. I love this approach.
Remember, this is a game…play to win…but don’t play games with people. Make sure you can perform when they ask you to.
Go get 'em!

Dallas, Tx

hard money - Posted by Monti

Posted by Monti on June 13, 2001 at 08:09:06:

Is it possible to get a hard money loan for a property that’s owned by a bank? It’s been forclosed. I’ve heard the banks don’t like to negotiate much.