Help? Is this a deal?

Posted on: Thu, 08/25/2011 - 20:26

markvol1's picture

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Help? Is this a deal?

I have a REO that I am currently considering making an offer on but wanted to get the opinion of the DG communnity. This is what I have:

3 bd
2 bth
single family
2,174 sq ft

listed at $75,000
comps value property at $116,743
property last sold in 2004 for just over $100,000

I rode by the property today and looked at the exterior and looked in the windows at the condition of the property and it is not in very good condition. I'm not very familiar with estimating rehab costs but I think at least $30,000 if not more to rehab.

Please let me know what you think.

Thanks,

Mark

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by markvol1
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Posted on: Thu, 08/25/2011 - 20:49 #1

conquesttsi89's picture

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Well

Well if it needs $30k of repairs u need to get this for almost nothing.you need to at lease go in at half that price

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Posted on: Thu, 08/25/2011 - 21:19 #2

markvol1's picture

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deal

Yeah. I want to offer 30k and see if they bite.

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