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Updated over 12 years ago,

Larry Sarner's profile image
Larry Sarner's profile image
Larry Sarner
  • Flipper/Rehabber
  • from charleston, SC
  • Member since Mar 13, 2012
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14
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0
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Larry Sarner's profile image
Larry Sarner's profile image
Larry Sarner
  • Flipper/Rehabber
  • from charleston, SC
  • Member since Mar 13, 2012
Connect
Larry Sarner
  • Flipper/Rehabber
  • charleston, SC
0
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14
Posts
Starting Out

Getting that first deal done

Larry Sarner
  • Flipper/Rehabber
  • charleston, SC
Posted

So I have a potential deal: Bank owned condo 2/2. Recent comps $280-290k. Bank is asking $199. rehab estimates come in at $57-$60k. I'm offering $120k. I'll probably get laughed at but factoring in the carrying costs, cost of borrowing money, etc......I can't go much higher right? Am I missing anything in my logic?
Thanks,
Larry

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