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Updated over 4 years ago on . Most recent reply

User Stats

21
Posts
3
Votes
Abdul Jabbar Khan
  • New to Real Estate
  • Houston, TX
3
Votes |
21
Posts

Anyone done a a lot of foreclosure deals?

Abdul Jabbar Khan
  • New to Real Estate
  • Houston, TX
Posted

Hi guys,

I have gone through all the bigger pockets books and have been putting in offers for sometime.

This is the first one I have gotten some trAction on; the bank has come back with comeback with your best offer.

I think the ARV - $330k (do you agree?)

70% - ARV - $231,000

Repair budget - $20k

I put in an offer at $210k with financing.

Should I go lower and use hard money lenders?

This is my first house ever and don’t want to screw it up.

https://www.redfin.com/MO/Ballwin/2-Finlay-Flds-63021/home/93532968?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

If someone could just help me make sure I dot my it’s and cross my T’a on this one I would REALLY appreciate it.

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