Driving For Dollars Deals

[Liam Mallon]

Hello everyone. I am a 16 year old who is ready to jump into real estate investing when I turn 18. I plan to invest in rental properties. I have been learning as much as I can and love the idea of real estate investing. I have been reading investing books, and am currently reading the book on rental property investing. I read all the books and articles i can, listen to all the bigger pockets podcasts and webinars, and have been analyzing deals on the MLS for practice. I will continue to do so, so i can do the best and most informed investing i can when the time comes.

I have been thinking about the driving for dollars strategy and would like to try it out. I'm looking for anyone who has experience with this. My question has to do with how to make offers. When you find a house that falls under what you were looking for and come in contact with the owner, how do you know what the house is worth? How do you know what to offer and if you are getting a good deal? especially when  you have a distressed house and more importantly a motivated seller, how do you know what will make it a good deal, if you are going for a good discount because of the specific scenario with a motivated seller. 

Thanks for the help!