Strategies to make a convincing low offer

[Richard Miller]

Hello,

I am analyzing properties daily on the MLS and finding out what I would reasonably pay for them based off of the rents/comps etc. Most of the figures that I am coming up with are $20-$30K lower than the list price. What are some strategies you have learned that have helped you to connect with a seller and convinced them to take a price less than market value/asking price.

-Richard

[Joe Villeneuve]

Originally posted by @Richard Miller:

@Joe Villeneuve Can you elaborate more on how you identify properties that fit your criteria for seller financing? How much money on average are you saving by financing your deals this route?

I don't deal with averages or percentages as goals or measuring sticks. The numbers you are looking for are specific to that property, and the goals I set for myself (or partners) for the timeline in the REI Plan we are working in the market we are investing in.

As far as criteria I'm looking for to do Seller Financing is concerned, I look for retiring REI selling off their properties that have 100% equity