REO Duplex

[Martha Blumel]

Hi all!

I've been watching an REO duplex for some time now. It has been on the market for 110 days and has gone from $132k to $114k to $99k to $88k in that time. Even though our market is climbing. It was not an original duplex, but has been added onto. I had a realtor pull comps a while back and they were all SFH with similar age and SF. Generally, is that going to be the best way for me to run the numbers by using similar age and SF if other 2/1 duplexes are not available? The neighborhood isn't bad at all. Half rentals and half well kept owned homes. It's an old house (1920s, so from previous experience and the fact that it's been on the market for so long, I am suspecting a substantial rehab, even though the pictures look good.)

I plan on running the numbers for a fix and flip, fix and hold and wholesale. So my next question is for you experienced investors, can I get a good enough deal with a BOA REO to wholesale it or should I focus on the buy, fix and flip or hold?

I appreciate any and all input!!

Thanks,

Mar