wholesale negotiation question

[Alonso Fernandez Maldonado]

Hi BP,

As a lot of you may know, I've been trying to get started in wholesaling since about a month or two ago. Last weekI found a property that is perfect for wholesaling and I began the negotiation with the owners. I toured the house and estimated rehab costs, I ran comps and determined ARV, and I made an offer. The ARV of the subject property is $470,000; Rehab Costs $70,000, holding costs $1,600/month. Having an investor (flipper) looking for 80% of ARV minus rehab costs, I decided to offer $290,000 for the property. However, they said they were thinking more around $350,000. I know I can probably go as high as $315,000 on my offer, but the owner is no longer responding to my calls. Does anyone have any advice on how I can approach this to give them a second offer? If not, is there something I should be doing different for the next time?

Thanks BP!