Offer price

[Eddie Wright]

hello BP, 

What is a good way to determine an offer price on a property? Need adivce, thanks.

[Jeremy Pakalka]

@Daniel Godbout You have to run your numbers and stick to them. Never be ashamed of an offer you put out. Someone could come in with a higher offer and you lose out on the deal but if the numbers don't make sense, don't worry about it. Move on to the next one.

It is also very important to track that property after you put an offer in. A wholesaler could submit a higher offer with an option period that can't sell it during that time frame. The property would then come back available and your offer starts to look better. When you place the offer, I would also want to have a conversation with the seller to let them know why I offered at a certain price and a proof of funds to prove I am serious.