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Updated over 11 years ago on . Most recent reply

User Stats

365
Posts
75
Votes
Charles Morgan
  • Investor
  • El Paso/Socorro, TX
75
Votes |
365
Posts

scared. 80k offer on 126k property

Charles Morgan
  • Investor
  • El Paso/Socorro, TX
Posted

the price is not my problem, it' s financing. I'll need hard money so I need a quick resale or a quick renter. I've never bought something this expensive. I have 10 days to inspect but it looks good, total repaint, one bedroom is totally black! built 2004, double pane windows, 5 bed, 2.5 bath, 2 car garage, I think good deal but I'm on the edge financially. Smaller homes in the area have sold for $120K plus, but hard money costs may kill me.

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