I was wondering what is the best way to put in a offer on a bank owned property. The house im looking at needs a total rehab. Im looking for tips on how to present my case to the listing agent that i will also be using, I just dont want to go into this blind in the process giving the agent the upper hand like he going to show me how this process works.
The house im looking at is $50,000 and needs in the area of $40,000 in repairs. The house right next door just went on the market for $172,500. Im looking at using a heloc to do all my fianacing and then deciding on if I should sell or rent out to put a cashflow in my pocket ?
any help would be great