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Updated almost 13 years ago,
Help me analyze flip
Can you guys please tell me how much would YOU pay for this deal? REO property on the market for 180 days with no offers, asking price is 176K, ARV 225K, repairs around 25K.
I plan to hold it for around 90 days to do repairs and to meet seasoning reqs, and finance it thru a HELOC if it makes a difference. How much would YOU pay for it and how would you structure your offer to the bank so it has greater chances of acceptance? Thanks