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Updated almost 7 years ago,
Increasing my odds when making offers
Hello guys,
I am sure this is one of the most frustrating point for us newbies. After my first deal, it has been impossible to get an offer accepted and I'd like to get your input on how I can increase the chances.
Basically I am trying to buy my next flip or brrr subject property in the Central Florida area. I am exclusively working on MLS properties because I live in Miami and a wholesale deal is not feasible.
The way I work it out is by looking at the property pictures and try to come up with an overall rehab cost, then making the offer as soon as possible for the "right" price. If it gets accepted, I still have my inspection period to confirm my estimates and go on or renegotiate based on the new numbers.
Not sure if the issue is that I'm been over cautious when coming up with my rehab estimates, therefore making very low offers, though I don't think so. I am trying to be as realistic as possible based on my first experience but I'm still a starter.
Can some of you share ideas on how to improve my chances here?
Thank you all in advance!