Considering a counter from HUD
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?