Updated over 5 years ago on . Most recent reply
Making an offer on a flip
I had a question on making an offer on a flip. I'm putting dummy numbers just for the purpose of the question, but please let me know if the numbers are wayy off. Let's say you get the house appraised for $300k and when you're close to make an offer, you realize you want to change the roof, which is not necessary. Let's say the roof will cost $80k. Do you simply take $80k out of the offer price or a portion of it, since ARV will likely be higher? Would love to hear your approach on how you would adjust your offer