Updated over 5 years ago on . Most recent reply
Newby Intro/Offer Advice
Hi, I'm Malayna living in Tacoma WA for the moment. I have been looking a properties for the past two year, specifically MF homes and hopes to own in the near future but did not have the knowledge on how to get started. I was recently introduced to BiggerPockets and have been listening to nothing but podcasts, interviews and I just finished the book "How to Invest in Real Estate". I went head and did some practice with analysis and got a pre-approval for a VA loan.
I saw a few MFHs in the area but they are way out of my price range (for now) so I am looking into SFH to start with house hacking and BRRR strategy. I decided to make an offer and the seller is asking for the highest offer. My question is: if I make an offer higher than what it is appraised, how lightly will I be paying for the actual appraised price instead of my highest offer?