It's a numbers game- two offers submitted this weekend

[Des Shei]

1st offer-
Style- 2fam, 2bd/1ba each unit, 950sq.ft each
ARV- 185
List price- 104(REO)
Offer- 80K
repairs- 15K
Strategy- live in one, rent the other @ 1050/mo( below area average by $50)

2nd offer
Style- half duplex, 3bd/1ba 1100sq.ft
ARV- 100K
list price- 64,900(after reduction, last buyer couldn't complete deal)
offer- 55k
repairs- 5K
Strategy- rent out at 1050/mo( $50 below area average)

i haven't owned in the past 5yrs so i'll be going for the tax credit and fha loan. i'm submitting these two offers( to the same REO agent) hoping i get one or both. i can close both if they get accepted. i want to know this though. can i choose which one i want to tax credit to apply to( i would like to buy the 2F with FHA financing)? then use a conventional with 20% down for the 1/2 duplex.