The Offer Quiz

They are asking $340k. If it's fixed up beautifully it's worth $450k. But it will take you $70k to get it in that condition. What do you offer? *

$245k

$325k

$250k

Carlton from work tells you about his Aunt who just inherited her Dad's house. It's old and needs a ton of work and she just doesn't want to fool with it. Your research shows an ARV of 275k and it needs about 50k in repairs. What's the most you should offer? You don't want the deal – just want to make $5000 on it. What do you offer? *

$125,378

$142,500

$137,500

ARV = $925,000. Repairs = $125,000. What's the most you should pay? *

$547,500

$552,500

$510,500

In the example from number 3 above, the seller tells you they can't take a penny less than $600,000 for it. What do you do? *

Pass. It's over the MAO and a lot can go wrong.

Do it. Although it's over the MAO, there is a lot more profit here than in a $150,000 house. You can find some places to cut the budget perhaps but even then, you'll make good money.