Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

82
Posts
13
Votes
Derek Johnson
  • Investor
  • Waterloo, IA
13
Votes |
82
Posts

Writing an offer tomorrow!

Derek Johnson
  • Investor
  • Waterloo, IA
Posted

I am planning to make an offer tomorrow on a REO single family property. Just wanted a few helpful tips or things to think about if you guys have any!

It's listed at $69,900

It's valued at $90,690

It's a 4br1ba, 1500 sqft. home with an adjacent lot included with a dbl garage and a single garage both detached.

Taxes are $1,290 good neighborhood

-----

Needs all appliances stove/fridge/washer/dryer

A couple windows in one of the bedroom need replaced

Needs new paint and carpets throughout

Has a patch missing on the garage roof

Needs a new sink in kitchen (it's leaking)

Has small mold spot on ceiling in bathroom

The basement has carpet on all the walls? It smells

I plan to offer $57-$62k is that a reasonable offer? I want to make it contingent on inspection and financing do they typically accept deals like that? Any other tips would be helpful!

Loading replies...