OfflineI Posted About A Foreclosure Of A Duplex And I Believe That It Is Bank Owned Because The Sign Has The Number To Call About It And Also Says Will Help With Financing... But I Am Really Nervous About Calling Because I Dont Know What To Ask Im Still Kinda Nervous About Messing Up... I Know Its A Good Property Because The Apartment Im In Is The Exact Same Set Up Needs Minor Work I Dont Really Know The Square Footage...I Could Move In On The 1st Floor And Rent Out The Second Floor All While Fixing It Up... Both Apartments Have 2 Bath And 3 Br Each... Very Nice Size Rooms Long Hallways Just Needs A Little Work Which Im Sure They Could Finance Me So I Can Get Money Back At Closing...
I Just Really Need Help With What To Ask The Bank... Thank You So Much...
Jeysen From Upstate Ny
Don't be scared or nervous about calling the bank. They want someone to purchase the building. Banks aren't in the business of buying and holding real estate. Just call the bank and ask them about the property. If it's a good price and you're interested, ask them what type of financing they can do for you. You have to be confident. They can't eat you, buddy.
Calling anyone is very nerve racking, whether it's a bank or a homeowner. Just say you're calling to inquire about a property, give the address and then ask what's the situation on this property? Who do you need to speak to regarding the property? Let them tell you as much information as they can first, then ask the pertinent questions if they haven't already told you. It might just be a recorded message. Remember that they are going to want to know if you're pre-qualified or can prove you have the funds to purchase it. You need to have that information. Hope this helps you, good luck!
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
The reason the sign is out there is to get people to call on the property. Just as metioned above, let them know you saw a property listed for sale and wanted some information, list price, sq footage ect. If it still sounds good, set up an appointment to go look at the property. This is a learning process and the best way to learn is to do.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
I know exactly how you feel. I have to call the bank tomorrow to try & help a friend who's losing their house. I have no idea what to say either. I'll make my list of questions, but I'm sure I'll be coming up with more while I'm on the phone.
And I like how James put it, "They can't eat you , buddy." lol
Like eroberts said, it's a learning process. With each new thing you do, you grow. You know how it is, the first time you do anything is the hardest. Once you take that first step (which you have, and it's something you can be proud of !!), you just keep moving forward!
Congratulations, Jeysen! Don't be afraid to ask lots of questions. You'd be surprised how understanding people really are.
Best wishes,
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
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I Have To Admit Ive Been Putting This Off Until Now Making Myself Busy So I Wouldnt Have 2 Call The Bank... But With All Of You Encouraging Me And My Mom Saying Get My Feet Wet Im Finally Ready To DO THIS...Sorry It Took Me So Long I Was Just Scared But I Realize Now That I Have Nothing To Lose And Everything To Gain...The Crazy Part Is I Got Into This Property Everyday Becuase My Family Lives There... But Today Is The Day... Thank You All Once Again For The Advice And The Push Forwards Lol...
The Sign On The Lawn Says That They Have Financing Availuable So Im Going To Check Into That...
Thanks Alot Once Again... Ill Be Letting You Know My Progress With This And For Anyone New Here Like Me REading This... The People Here Really Are Out To Help You...
Way to go! Take that leap of faith, you can do it. We're ALL behind you in spirit and cyber space... LOL!
Best of luck,
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
to jump in!! Just remember whom ever you deal with, they are JUST a person just like you!!!! No better no worse....
ask for everything...
Don't Wish the Past, Create the Future! - DH
Great to have you apart of the DG family! Awesome job at taking that leap of faith and getting your feet wet! Time to just dive right in!
You can do it buddy! Believe in yourself and have faith, determination and nothing can hold you down! Land that property! Keep us posted!
Good Luck on it!
David
"The soul of a lazy man desires, and has nothing; But the soul of the diligent shall be made rich." Prov 13:4
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Hey Jeysen, I am from upstate NY also, Herkimer area to be exact, so we are neighbors I think. Being scared is good, and making mistakes is good also, that is how you learn. Hazco hit it right on the head. They are people like you so don't be afraid to ask questions. they put their pants on the same way you do.. Right?? I was the same way also, and now I am working 2 deals at the same time, going crazy, but having a blast. Jump in get your feet wet. The only dumb question, is the one you don't ask....Keep me in the loop..Good Luck...Jan