Updated over 5 years ago on . Most recent reply
How much Less can you offer on REOS when purchasing with CASH?
I am currently in search for my first deal, I have a few REOs on my list that I am looking at.. I have cash and proof of funds ready.. how much leverage do I have vs another that's going through conventional , FHA loans?
How much lower may I offer the lender on the property?
Thank you very much to those who give input!
Greatly appreciated
Most Popular Reply
REO's usually won't qualify for FHA financing. You need to buy in CASH. And if the deal is good, you're going to get into multiple offers and paying over the asking price