Updated almost 8 years ago on . Most recent reply
Note to seller from buyer....good idea?
Hi my brother and I are making offers on our second flip. Would it be a good idea to send in a spreadsheet or an explanation of why our offer is so much lower than asking with our offer? Without using a wholesaler we’re offering on foreclosed and hud Homes but almost 100% of the time it’s about 30-40k less than asking price. Interested to see some responses on the matter. Thanks!!
Most Popular Reply
HUD does not care why you are offering your price, all they care about it the bottom line. I have offered 2,000 all cash than a buyer that was offering with bank financing that I knew that would not get approved and they still did not accept. Basement was flooded and they still accepted it. The only time that works is with a homeowner wanting to sell to a family. Nobody really cares if the investor makes money or not that is buying the home.