Offer #1

- 3/1.5 House. REO, needed a lot of repairs (EST. $15,000). Asking price $27,500. Offered $23,600. Sold for $25,500. Comps put it around $45,000 - $50,000.
All in all we lost the bid by $1,900.

0ffer #2

- Huge 5 unit apartment. Almost no repairs (EST. $3,000). Asking $115,000. Offered $90,000 puts it at a 10% Cap rate, which we feel is acceptable. If it is accepted I will place more details about it on here.