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Updated over 5 years ago on . Most recent reply

Mahdi El's profile image
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Mahdi El
  • Member since Sep 20, 2019
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Mahdi El's profile image
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Mahdi El
  • Member since Sep 20, 2019
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Mahdi El
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Buying & Selling Real Estate

Deal or No Deal? Should I move forward or away?

Mahdi El
Posted

I'm in negotiations for house that value will rise 11% next year. ARV is 266k, offered 197k but negotiated down from 220k to 207k. Is this a deal or no. I understand the ARV formula that a deal is 186k but houses are moving like hot cakes in the area. Can someone weigh in on this

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Scott Rogers's profile image
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Scott Rogers
  • Rental Property Investor
  • from Neenah, WI
  • Member since May 31, 2019
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Scott Rogers's profile image
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Scott Rogers
  • Rental Property Investor
  • from Neenah, WI
  • Member since May 31, 2019
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Scott Rogers
  • Rental Property Investor
  • Neenah, WI
105
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Scott Rogers
  • Rental Property Investor
  • Neenah, WI
Replied

@Mahdi El With that little amount of information I don't think it's reasonable to get an opinion from someone on the BP Forum.  What are you plans for the house?  Is it a turnkey rental, wholesale, flip?  Are the comps accurate?   How can you guarantee the value will rise 11% next year?   So many questions.  

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