Good day BP family!!!

[Damon B.]

I'm new to the BP community, and new to real estate. I chose to enter this field as a bird dog with the intentions of learning other aspects of REI. My overall objective is to become an investor myself. Currently, I am working on a REO apartment complex in Texas, for an all cash investor. I do not reside there. However, my investor is asking me what the offer price for the property is. A little information on the property, if it's useful..asking price for the property is $1.75MM, the annual expenses calculated between a 5 month period is $105,548, which is all the listing agent has available. The property needs some rehab work also. Of course the realtor is representing the seller, so I'm not sure if the property needs more than what I'm being told. How do I figure out the cost of repairs in a different state? The offers have to be submitted by the 1st week of February. So time is running out. I appreciate any information that would help in this matter. I look forward to working with many of you in the future as I become a more seasoned investor. Please feel free to connect with me here on BP, as well as on LinkedIn