Thursday, September 9, 2010

How can I negotiate to buy repo's directly from the bank?

I'm interested in any property the bank owns but doesn't want to. Cars, boats, motorcycles, houses land, etc. I want to buy at a discount, improve the property, whatever it is, and sell it to gain some profit.Thanks for your answers.


You can't. If it was that easy to "flip" property, everyone would be doing it. Bank don't deal direct with "retail buyers" and don't want to. Real estate is relisted for sale through realtors. Autos, boats, etc., are generally sold to auction houses.

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