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Updated over 11 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Houston, Texas
  • Member since Feb 24, 2014
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Houston, Texas
  • Member since Feb 24, 2014
Account Closed
  • Houston, TX
5
Votes |
32
Posts
Real Estate Deal Analysis & Advice

Short Sale

Account Closed
  • Houston, TX
Posted

Came across an opportunity to buy a short sale at whatever the "as is" appraisal comes back.

ARV is 104k.

Rehab- 20k (cosmetic)

If the appraisal comes back 45-50k I will buy it. 

Has anyone else done something like this? This will be my first.

I'm having an appraisal done tomorrow (Monday).

Looking to hear some expert advice on this.

Thanks in advance.

Ross

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