I am investigating a SECOND REO house; exit strategy is to rehab and flip.
What do you think I should offer. It is a REO.
P.S. Did my first REO offer as investment today and it was shot down by the agent in 25 min. I am wondering if he even notified the seller about this. I thought that no matter how rudiculous the offer is, by law agent has to disclose this to his seller???
My agent said that this is due to some repair work being conducted in the property and may be they want to sell it at full price…