HUD Price Negotiation

[Ryan Schuler]

Hello Everyone,

I am doing my research and I ran across a possible SFR on the HUD website (in memphis) that looks nice and wouldn't need much work at all, but the price is high for rental by my calculations and would need to be knocked down a bit before I would make any moves.

It is listed at $106,000, but by my calculations I would need to get it down to at least $95,000 for me to make the cashflow that I would want. Are the prices for HUD homes very neogtiable or do you typically have to offer close to the asking price? Any experience with this would be helpful.

A glimpse at the home if you are interested: