Question on Unappoved Shot Sale offer???

[Gene Belaval]

Hope all is well out there.

I've got a quick question on offering on a an unapproved shot sale. I know the process is time consuming but I think this unit is worth it. After running the numbers, even at full price I should get a small return on a monthly basis. I've got enough to do all cash and refi later.

The question is, should I put in a full price offer (I have a feeling everyone will say no!) or go under. Will need less than 10k in repairs to make it rentable and at that amount I'm still under market value by 20% according to the comps. I'm planning on keeping it but I could flip as well.

I'm in S. Florida, any info would be greatly appreciated.

[Russell Brazil]

Always start low with a short sale....because whatever price you offer, and the seller accepts has zero to do with what the bank will accept. You will almost always end up higher than what your contract price is.