Note to seller from buyer....good idea?

[Matt Tobler]

Hi my brother and I are making offers on our second flip. Would it be a good idea to send in a spreadsheet or an explanation of why our offer is so much lower than asking with our offer? Without using a wholesaler we’re offering on foreclosed and hud Homes but almost 100% of the time it’s about 30-40k less than asking price. Interested to see some responses on the matter. Thanks!!

[Casity Kao]

@Matt Tobler

HUD does not care why you are offering your price, all they care about it the bottom line. I have offered 2,000 all cash than a buyer that was offering with bank financing that I knew that would not get approved and they still did not accept. Basement was flooded and they still accepted it. The only time that works is with a homeowner wanting to sell to a family. Nobody really cares if the investor makes money or not that is buying the home.