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Updated almost 15 years ago,
Buy or not
Hello, I am new to investing and I have 3 REO's that I am looking to purchase.
1. 695K - cost, 150K - repairs, 900K - CMA
2. 330K - cost, 35K - repairs, 430K - CMA
3. 395K - cost, 50K - repairs, 460K - CMA
I may be able to get a grant for all the repairs. So I was hoping that would make a difference in purchase cost. I need capital so I was looking to flip all 3 properties. I am aware that the 900K can potential take longer to sell, so I thought I would try to sell it through a luxury estate auctioneer.
Please help.