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Updated over 8 years ago, 08/03/2016
Uncooperative realtors!
Hi guys!
Need your feedback here as well as from all of the investor friendly realtors.
I am working on a new deal now... A property ARV is 210K max... Was rented for awhile, and needs at least 20-25K of work in updates. The seller is out of state now and not involved in the property management. He got a realtor who is trying to sell it. They are asking 200k, which I believe is unrealistic unless you really not planning to make any money on it. My intend was to BRRR with an option to resell if I need to. I calculated that ask for 15% discount - repairs would be a reasonable approach, so offering $153K. Though, the realtor even refuses to pass this offer to a seller, as she claims that he would get upset and won't negotiate. She is telling me that he reflected every offer below 190k... I feel like I am not getting anywhere here, but not ready to give up just yet.
Any suggestions on what to do? It feels like I am negotiating with the realtor and not the seller :-((