Ugly Houses – Making Your Offer To Buy An Ugly House

So, you’ve put out some Bandit Signs that focus on finding motivated sellers with Ugly Houses (links are resources for our logged in Real Estate Investor Bronze Members). A seller has called and you’re at the point in your real estate investing buying system where you are structuring your offers that you will make the seller to buy the property.

So, how do you actually determine what you will offer as your all cash offer to buy this particular property? Well, that is where the Ugly House Maximum Allowable Offer Formula comes in.

This very simple formula allows you to take some very basic information about the property and determine, very quickly, what the absolute most you should be offering to purchase this house if you were paying all cash. In fact, if you plan to use a Hard Money Lender to lend you money on the property, this formula actually already takes that into account. Just make sure your formula includes the exact limits that your specific Hard Money Lender has given you for their lending requirements.

Also, the Ugly House Maximum Allowable Offer Formula can easily be used if you plan on putting the house under contract and then wholesaling it to another investor as well. Just be sure to add in your wholesale fee when you calculate the offer and put the house under contract.

So, check out the formula and use it whenever you make an offer to buy an ugly house.

Until my next post,

James

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