I have found a 14 unit appt. Complex that is bank owned. They have it listed at
$350,000 or best offer, they have had it on their hands for a while, the appraisal came in
at $625,000. Will the bank loan on the property that it owns? How do I get them to do it?
I have no money to put down and I don't have very good credit, but the property
is cashflowing right now. At half capacity it could still cover the mortgage.
My question is will they loan on it and how do I convince them to if not, and if they will can I take money out at closing?