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Updated almost 15 years ago,

Bob L's profile image
Bob L's profile image
Bob L
  • Real Estate Investor
  • from Bay Area, California
  • Member since May 21, 2009
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Bob L's profile image
Bob L's profile image
Bob L
  • Real Estate Investor
  • from Bay Area, California
  • Member since May 21, 2009
Connect
Bob L
  • Real Estate Investor
  • Bay Area, CA
0
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Foreclosures

Offers for a home surrounded by rentals

Bob L
  • Real Estate Investor
  • Bay Area, CA
Posted

Hello,

I heard that when bidding on a REO home surrounded by rentals you should offer less than a similar home on the next block over surrounded by owner occupants. Is this true and what is the usual discount? Does any veteran REO investor/wholesale know the reason for the discount?

Thanks,
Bob

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