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Neighbours home on Market for 229 day's.How much do I offer them?
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Topic: Neighbours home on Market for 229 day's.How much do I offer them? (Read 3933 times)
moellerryan
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Re: Neighbours home on Market for 229 day's.How much do I offer them?
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Reply #60 on:
August 04, 2009, 12:21:17 AM »
Asking price does not matter. Find the current or after repair value and the LTV you are willing to pay. Then lowball as many properties as you can. If you can write 100 offers to distressed sellers, do it and cherry pick the best ones. I take ARV/2 - rehab to calculate my max offer and start my bid below that and play the numbers game. No reason to get stuck on one deal.
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