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Updated about 4 years ago on .

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Kyle Bouch
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Need wholesaling advice

Kyle Bouch
Posted

Hello thanks for taking the time to read my question. First a little backstory, I recently found a property in disrepair on a 95 acre lot of which both owners on the title are deceased. I called the tax assessor office and found out that their son had been paying taxes on the property for the last 8 years since the last owners death. The property was assessed at a value of a little under 700k, and I not having access to that kind of capital am looking to get a purchase agreement and wholesaling it to another investor. So my question is what kind of margins should I be aiming for when giving him an offer? I don’t want to offer something too low as to cause him to disregard me and I don’t want to offer something too high for obvious reasons. I’d love to know your guys thoughts on this so let me know. Thanks. Kyle