Deal or no deal?

Posted on: Mon, 01/09/2012 - 16:17

hope7's picture

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Deal or no deal?

We have a bank owned property with pool available on our street. They're asking $69,000. We're working with realtor to offer $37,000 due to anticipated repairs and ARV is in the range of 100,000, and want to assign it. Does this sound like something we should take on for a first deal?

Thank for your valuable input!

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by hope7
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Posted on: Mon, 03/26/2012 - 04:06 #1

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Deal or No Deal

Deal.

If you can buy a property at 37% of the ARV, you have landed a heck of a good deal. You can probably make make $20K or more on this deal. I hope you got it and figure out how to find more.

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Posted on: Mon, 03/26/2012 - 04:08 #2

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Sounds like a great deal

Put a package together and Go for it!!!!

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Posted on: Fri, 04/06/2012 - 15:51 #3

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Go for it.

Don't wait. Get with your agent and get your offer submitted. As stated in the previous posts, if you can get it for your offer price you will be on track for making a nice profit on your 1st deal. Congratulations!

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