found bank owned house need advice

HOUSE needs new tile and carport and cabnets need refacing. possibly need new 2 car garage. aprox 1250sf
Comps run 190000.00to200000.00 bank wants 147150.00 what should I offer . also sign says veterns ad. what does this mean. thanks for input

Sounds like a VA foreclosure property. If so, then the property is sold in a sealed bid auction format. What you should offer is the maximum you are willing to pay given the condition of the property and your desired profit when you exit. Your bid will have to be submitted on VA contract forms, no contingencies, sold “as-is”. A VA approved real estate broker will have to submit your bid and collect your deposit.