I have a home I have found, in a good neighborhood, the house was used as a grow op. The kitchen, bathrooms have been torn out, no cabinets no faucets etc. Just pipes sticking out of ground in kitchen. Few peices of drywall has been removed etc
My question is, how do you come up with an offer on such a home?
After repairs, resale value of the home in this area is $342,330 based on comp reports.
Asking price from the bank is $270,000 , Still to high
What would be a worth while price to consider picking this one up, either for a flip or a cash flow property? Inspection has been done, and their is a enviromental report that comes with the house, stating it is perfectley safe to live in.