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44
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15
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Philip Rowe
  • Investor
  • Washington, DC
15
Votes |
44
Posts

Buyers Agent for a BPO Property

Philip Rowe
  • Investor
  • Washington, DC
Posted

I've been doing BPO's over the last several months. About a month ago I was asked to do a BPO for a property that was a mulitfamily "quad" rental income $2300/m Conservatively. I put in my report how investors are cash buyers and they need positive income. The price I set was $149,000 and told the bank they would sell it in 30 days at that price. Down here "Thats A Deal" and now the property was just listed at $149,000.

My question is... will there be any red flags if I bring the buyer. This property will be gone by Monday, but I'd still like to know if your reading this after then and there hasn't been an answer.
I told my investor and she wants to buy it. I am nervous about putting in a contract. She wants to write it up in the morning.