Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 hours ago on . Most recent reply
Analyzing a property
Hey all, I am just getting started and in my first deal I offered more than the property appraised for. What should I be looking at when trying to consider an appropriate offer (especially if I can't see the property since I'm investing out of state)?
Most Popular Reply
#4 General Landlording & Rental Properties Contributor
- Developer
- Moscow Idaho
- 73
- Votes |
- 121
- Posts
#4 General Landlording & Rental Properties Contributor
- Developer
- Moscow Idaho
Well, that sounds dangerous. Where do you live? Where is the property? Why in this market did you offer over asking? Things are flat.
What are you trying to accomplish?
People need a lot more information to help them. Break the deal down?
Also, where are you financially? If you have $400K in a bank account and make $1M a year, that differs from taking out a hard money loan and going bankrupt.
Lots and lots more info will get you great advice. There are a ton of smart, successful people who are not looking to see you as something on this platform.