I put in 2 offers for houses that I plan on renting out and should hear back tomorrow. One will be a short sale that I am fairly certain they will accept. Here is a link to the estimates I figured.
The second is also a bank owned home but I'm not sure if they'll accept. We've gone back and forth a few times, I started at 22k, they countered at 25k, I said 22.5k, they said 24k, I said that's it. I'm thinking they might accept 23k, should I just give in and go with that price? Deal is probably worth it even if I pay that much and wouldn't want to miss out on a good one for a measly $500. Here are the estimates.
The bad thing is I was planning on just paying cash, then, if I needed to tap the houses for the equity, I could do so. May not be fastlane, but seems to be decent returns. Any opinions would be appreciated and I will update with what happens if people are interested!
The second is also a bank owned home but I'm not sure if they'll accept. We've gone back and forth a few times, I started at 22k, they countered at 25k, I said 22.5k, they said 24k, I said that's it. I'm thinking they might accept 23k, should I just give in and go with that price? Deal is probably worth it even if I pay that much and wouldn't want to miss out on a good one for a measly $500. Here are the estimates.
The bad thing is I was planning on just paying cash, then, if I needed to tap the houses for the equity, I could do so. May not be fastlane, but seems to be decent returns. Any opinions would be appreciated and I will update with what happens if people are interested!
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