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Updated about 14 years ago,

Ryan O.'s profile image
Ryan O.'s profile image
Ryan O.
  • Wholesaler
  • from Downers Grove, Illinois
  • Member since Dec 7, 2010
Connect

User Stats

108
Posts
26
Votes
Ryan O.'s profile image
Ryan O.'s profile image
Ryan O.
  • Wholesaler
  • from Downers Grove, Illinois
  • Member since Dec 7, 2010
Connect
Ryan O.
  • Wholesaler
  • Downers Grove, IL
26
Votes |
108
Posts
Rehabbing & House Flipping

Made My First Offer

Ryan O.
  • Wholesaler
  • Downers Grove, IL
Posted

I just made my first offer on a 3/2 VA owned REO. I offered 62.5, the property needs about 32K in reno, I calculated my purchase, holding, and selling costs to be about 20K with a 150K selling price. I left myself some room to negotiate, so If I get it for my max offer price I should profit about 30K before paying my private money lender back.

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