First "Flip"

[Jeffrey K.]

I am a buy and hold guy and I have done an assignment or two, but today I come to you for advise on my first flip to a retail end user. I purchased 22 units in a pacakge of REO's I bought from a local bank TWO WEEKS AGO. The purchase price that was recorded at city hall was 180k for this four family. We got this number by taking the city assesment of each property and making a proportion and then assigning "value" from the sale price. This property was assessed at 450ish I think.

I am keeping the rest of the property, but selling this four family. I have an offer for 260k. It has financing, an inspection, and a closing just over a month out. I am worried about the financing. Does anyone have ideas on helping this deal along, or do I just let it play out and see where the appraisal comes in?

Thanks for the help