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Updated over 15 years ago on . Most recent reply

Tiger Sun's profile image
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Tiger Sun
  • Real Estate Investor
  • from Weston, Florida
  • Member since Jun 20, 2009
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73
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Tiger Sun's profile image
Tiger Sun's profile image
Tiger Sun
  • Real Estate Investor
  • from Weston, Florida
  • Member since Jun 20, 2009
Connect
Tiger Sun
  • Real Estate Investor
  • Weston, FL
18
Votes |
73
Posts
Foreclosures

Offer Strategies?

Tiger Sun
  • Real Estate Investor
  • Weston, FL
Posted

Just wondering what all of your offering strategies are for REOs?

The basic one I am just trucking along on in South Florida is as follows:

65% of ARV (Investors tell me hard money here lends at 65%)
Deduct $10K Commission
Deduct Repairs
Assignability Clause

I've sent about 6 offers in already. 3 Rejected. 3 Pending.
They say there's suppose to be some sort of ratio, like 1 Accepted for every 10 sent out. How bout you guys?

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