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Updated over 10 years ago,

Tony Thompson's profile image
Tony Thompson's profile image
Tony Thompson
  • from Midlothian, Virginia
  • Member since May 12, 2013
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23
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1
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Tony Thompson's profile image
Tony Thompson's profile image
Tony Thompson
  • from Midlothian, Virginia
  • Member since May 12, 2013
Connect
Tony Thompson
  • Midlothian, VA
1
Votes |
23
Posts
Wholesaling

Considering a counter from HUD

Tony Thompson
  • Midlothian, VA
Posted

I put in a bid at $33k on a 5 bed 1.5 bath home and got a counter offer of $52k. The home is in need of about $25-30k of work. The goal is to wholesale the property around $61k, ARV is about $150k. My concerns are that the property has been on the HUD site for some time and the price has come down by $30k over that time period. Should I run with this or sit this one out?

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