Rental Property Investor · Marianna Florida · Member since 2011 · 357 posts · 169 votes
People think I'm lying when I tell them that its almost impossible to buy at 65 - 70% of ARV these days.
I've had investors tell me they pass on anything above 50%. My reply is, "Call me if you find anything at 75% because there's a good chance I can sell it at 80".
Im my little REO niche, everything decent in is an "highest and best offer scenario" yet I still have buyers telling me to offer at 40% ARV.