That 1st lowball offer...

[Nikki Robinson]

Surprisingly I wasn't nervous at all. It was a lot scarier in my mind than in reality. I offered $70k for vacant rental property with two buildings (four units) within walking distance to our state university, $348k ARV.

Before I actually got in front of the seller, there were so many "what ifs" playing out in my mind. But once I started talking, confidence came out of nowhere!

Well... it kinda came from the comps I'd written down & the deal analysis report I had in front of me. Lol..

What the pros on BP say is true; as long as your offer is justified by comps, ARV, repairs, etc., it's all good. The seller said he wanted to discuss the offer with his family and would call me back when they arrived at a decision.

Just posting this hoping that it'll encourage a fellow newbie out there to go ahead and make the "lowball" offer with confidence. :)

[Lee Smith]

I am immune to making lowball offers.. Always be nice, and I always tell them "Now don't be offended with my low offer, and I won't be offended if you say NO!"  

When they do say no, I always offer to let them call me and I will answer any questions they may have. I also ask if it's okay if I call them at a later date just to check in.