Offering a price on a wholesale property
Hello BP!
I have a property value is $226,477. The owner is old and her daughter is basically taking care of her. The daughter wants to sell the property.
Because I am a wholesaler I would only offer her about $100,000 max after my cut and repair and such.
I really feel that this is a very low ball tho.
$226,477 x 70% = $158,534
The home is in great shape but no repairs on the home in over 15 years that the daughter was aware of.
Would $100,000 be a good offer?