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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

  • Shahar Joseph
  • Most Popular Reply

    User Stats

    930
    Posts
    836
    Votes
    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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