Purchase idea

[Patricia Franciulli]

I found a home on the mls that need 20k or repair. It had mold, the a/c may not be working, plumbing issues, some doors missing, some water damage, no flooring and maybe some foundation issue.

Listing agent REO property wants full price for this house that I appraised around 205k max 215k..

How much you would put an cash offer for? Please do not forget the 20k of repairs and all the other issues above..

There is no other offer on this home, it has to be cash and the home has being on the market for 3 months. I want to do a 1031 on this deal..