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Updated about 17 years ago on . Most recent reply

Shanita Parker's profile image
Shanita Parker's profile image
Shanita Parker
  • Real Estate Investor
  • from kansas city, Alabama
  • Member since Jul 28, 2008
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Shanita Parker's profile image
Shanita Parker's profile image
Shanita Parker
  • Real Estate Investor
  • from kansas city, Alabama
  • Member since Jul 28, 2008
Connect
Shanita Parker
  • Real Estate Investor
  • kansas city, AL
0
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Real Estate Deal Analysis & Advice

How low can I offer?

Shanita Parker
  • Real Estate Investor
  • kansas city, AL
Posted

I'm looking at getting a rehab home with a ARV of 105,000. It is a REO and has been on the market since 4-19-2007. the asking price is 69,900. The home needs updating and there was a pool in the back that was filled with grass I will have to remove. I am recieving a hard money loan of 65% LTV. I want to offer 50,000 for the house. Is this too low?

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