Updated over 10 years ago on . Most recent reply
Fannie Mae /REO
Looking to put a offer in on a Fannie Mae / REO property.This 4plex has one accoupied unit,is in need of some cosmetics repair possibly more, asking price 379,000 would like to get it at 70% of asking price any suggestions on what should my first offer be.
Most Popular Reply
Run the numbers for the property and make sure it works for what you plan on doing. Go up to the blue bar under "analyze" - "rental property calculator" and plan out what you need in terms of cash flow. From there you can work what your maximum offer can be and don't go over it.