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How much I need 2 offer for bank owned property. 80cent for $1 or 90cent for $1?

Public Comments

1. start with $.50 on the dollar. found out if any other offers are in.
2. In my experience, most banks would not look at 50c on the dollar. The problem is that you typically only get one shot with an offer for bank owned. Not as much negotiating going on with these properties. But most asset managers will take approx 70%-75% of what they have in it. That would be where to start with your offer!