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Updated about 3 years ago on . Most recent reply
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Making an offer on an Off-Market property
I have found my first interested property owner from a cold call. He wants me to give him a figure and declined to give me one as a starting point. I have looked a comps in the area from the past 9 months and have a figure I feel comfortable with at 120/sqft. The only knowledge of the property/condition is from public record and just driving by. It is tenant occupied. I plan to purchase, rehab, and live in it until I find another property to move into, then rent it. What questions should I ask, in addition to when the roof and mechanics of the house were installed? Are there any other techniques I should use?
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“If you were going to hold onto the property for another 10 years, what would you fix or change on the property?”