Updated over 5 years ago on . Most recent reply
Offering on a HUD/bank owned house
Numbers are looking a little tight for a HUD owned house.
right now they are asking 143k, ARV is about 215k. Rent will be between 1500-1550. Needs a new roof and a decent amount of work. Might have a leak in roof, new kitchen, new floors, etc.
how do you go about offering lower on a HUD house? Do they have any room to play with numbers?
This will be my first house so I dont need a home run, just trying to get in the game and learn. I'm very eager to buy my first house and get my career started! It will also be a live in rehab with possibility of selling or BRRRR after 2 years of living there.
Thanks for any information you have!!