Altisource Bid Approvals - REO Property Preservation Forum
 
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post #1 of 4 (permalink) Old 10-09-2013, 02:02 PM Thread Starter
GG3
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Altisource Bid Approvals

Hey Folks, has anyone been able to secure advances on Altisource bid approvals over $10K - $20K? I am new to their network and cannot seem to get an answer. Does anyone have experience working direct with them on rehab work orders? Thanks
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post #2 of 4 (permalink) Old 10-09-2013, 03:22 PM
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They will give you around 10% advance and another draw for about 15% when you are completed, so you have to cash flow about the whole project.

All depends on the Rep some of them will do more.

Safeguards in my experience offers the best draw program.
25% up front 25% when 50% complete and the rest in 15 days.
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post #3 of 4 (permalink) Old 10-09-2013, 06:20 PM
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You guys talking about rehab I assume?
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post #4 of 4 (permalink) Old 10-09-2013, 07:29 PM
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Quote:
Originally Posted by SRT-Diesel View Post
You guys talking about rehab I assume?
Yep I don't it possible to have a 20k order in p&p. It would have to be a landfill
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