Is this for real?, I have been chasing "Bank Tapes" for my investors for many months....Everybody talks a lot about them, nobody really "has" anything, everybody wants proof of funds, letters of intent, non disclosure and confidentiality agreements and in the end, they have nothing, everybody is trying to resell something that somebody else told them they have....To me, these bank tapes are URBAN LEGEND.
Rules that all these "contacts" should consider:
Who would sell houses at 50 or 60 cents on the dollar, when the market right now is hurting for more inventory?, when houses can be sold at 1 dollar per dollar?
If this was real, don't you think it would already be in Wallstreet? returns on this kind of investment are astronomical.
Why don't you see these deals closing?
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