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Updated almost 8 years ago,

User Stats

15
Posts
2
Votes
Gene Belaval
  • Small Business Owner
  • Miami, FL
2
Votes |
15
Posts

Question on Unappoved Shot Sale offer???

Gene Belaval
  • Small Business Owner
  • Miami, FL
Posted

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.

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