Updated almost 17 years ago on . Most recent reply
Dealing with owners
So i recently started writing LOI's on properties and the main goal is either wholesale or rehab right now... I wanted advice on how to talk with investor/homeowner and how to make it seem like i'm not swindling them and actually am providing assistance.
For example, i wrote an LOI on a home that is in dire need of rehab ARV is probably around 300k and i wrote 135k seller carry or 100k cash and she was hesitant. Then she asked what would her home sell for rehabbed, and i stupidly gave her a price range, but i didn't know what to say. If i said i don't know then she'll think i'm a crappy investor. So a few days later i came back with an offer of 142,500K (seller carry of course)and she seemed more content doing it herself or holding onto it. Also most of them don't asnwer my phone calls, so i meet them in person.
(i use the LOI because that's what i'm use to)
How would you guys handle presenting the LOI/Offer and what are some other reccommendations you have? :idea: