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Updated about 10 years ago on . Most recent reply

Daniella Goldstein's profile image
Daniella Goldstein's profile image
Daniella Goldstein
  • Wholesaler
  • from Phoenix, Arizona
  • Member since Jun 18, 2012
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Daniella Goldstein's profile image
Daniella Goldstein's profile image
Daniella Goldstein
  • Wholesaler
  • from Phoenix, Arizona
  • Member since Jun 18, 2012
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Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
4
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38
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Arizona Real Estate Q&A Discussion Forum

How come I never win a bid on a REO in the Phoenix area?

Daniella Goldstein
  • Wholesaler
  • Phoenix, AZ
Posted

I have been bidding on several REO's and never won a bid. What is the secret to owning one? Is it of advantage to make it a primary residence? Thanks for the input.

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Doug McLeod's profile image
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Doug McLeod
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  • from Cypress, TX
  • Member since Jun 25, 2014
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Doug McLeod
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  • from Cypress, TX
  • Member since Jun 25, 2014
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Doug McLeod
  • Investor
  • Cypress, TX
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Doug McLeod
  • Investor
  • Cypress, TX
Replied

a) multiple offers and people offer higher when bank calls for highest and best

b) cash offers - lower price with cash will often beat a higher offer with financing

  • Doug McLeod
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