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Updated over 4 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Shahar Joseph
  • Lausanne
1
Votes |
16
Posts

Offering on a bank owned property

Shahar Joseph
  • Lausanne
Posted

Bank list the property at 200k

Need rehab of 80k

ARV would be 300k

Rent will be 3600 monthly

Comps are at 300k plus

How much would you offer consider all that

Most Popular Reply

User Stats

930
Posts
836
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Kris L.
  • San Antonio, TX
836
Votes |
930
Posts
Kris L.
  • San Antonio, TX
Replied

@Shahar Joseph

20k margin on a 300k property looks like a razor thin deal. Far too much risk in my opinion.

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