conflict of interest question

[Kathy Moser]

Hey Real Estate Rock Stars!

The person I’m negotiating with on the property I want to buy is not the owner but is power of attorney for the estate of his family member who passed away.

He is also VP of commercial lending for a small local bank.

My real estate books say to reach out to this kind of bank as they often have more flexibility.

Would that create a conflict of interest or ethical issue?

I would be in touch with the residential lending side not the commercial side where he works.

thanks!

[Jonathan Greene]

I would actually use that as positive leverage. Here is my offer and I am happy to do my loan with your bank. It is not a conflict of interest in this context.