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Updated over 10 years ago on . Most recent reply

User Stats

29
Posts
4
Votes
Rico O.
  • Real Estate Investor
  • Seaside, CA
4
Votes |
29
Posts

First Four Plex Offer

Rico O.
  • Real Estate Investor
  • Seaside, CA
Posted

Hi every one,

I have the opportunity to make an offer on a bankruptcy case. There are multiple offers on it at this time so my question is, what should I offer if the asking price is 300k and the property is not in bad shape. There is already 3 cash offers as of now. Do you think the cash offers are the asking price or lower? Should I go for the asking price or how much higher?

Any advice will be appreciated.

Thank you

Rico

Most Popular Reply

User Stats

260
Posts
99
Votes
Robert Nason
  • Lowell, MA
99
Votes |
260
Posts
Robert Nason
  • Lowell, MA
Replied

The best advice I can offer is never mind what other people are offering, but focus on what you feel the value is to you and whether you can make a profit on the investment.

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