I watched the Kenny Rogers movie late last night and Kenny Rogers sang the song "You gotta know when to hold up, know when to fold up, no when to walk away, know when to run!"
This reminded me of some REO properties that I looked at during the past few weeks. Every good price REO may not be a good deal (buyer beware). So run the numbers, do your homework and either hold steady with your offer on the property, keep the property on your radar, walk away or if it is really really a bad property deal....RUN! (to the next potential deal) Good luck with all your deals. Believe and Achieve! - Joe
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Joe Jurek CPA