Offer Gameplan on competitive investment property

[Tiffany Koffel]

I found my 1st actual property that I would like to flip. Listed at $99,900. ARV is $190,000. From what I can tell it really needs cosmetic updates, roof is decent, unsure on foundation, but its only 1400 sq ft so even if it needs foundation repair I don't expect it to be too expensive. The real question is what to offer to be competitive. I am writing this sitting out front of the property and since I have been here the last 5 minutes, 6 potential investors have driven by or stopped to go inside.

Also, courtesy question.  I am a real estate broker and typically I do not barge in to a property when someone is inside viewing, I politely wait outside.  I am curious what others do when this is for investment.  Do you wait?  Enter and let others know you are competition simply by being there?  There are currently 3 vehicles with 2 people sitting in each of them and yet another investor driving by now.  haha!  Okay.  SO I definitely believe I found a perfect property, but what do I offer to be competitive??

Thanks for the advice!

Tiffany