Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mobile (Alabama) Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

12
Posts
7
Votes
Deangelo Mccants
  • Flipper/Rehabber
  • Mobile, AL
7
Votes |
12
Posts

I may have my first deal, not sure how to proceed.

Deangelo Mccants
  • Flipper/Rehabber
  • Mobile, AL
Posted

I went to look at a property today. It is a property the seller had bought to fix and flip themselves, however, the husband has recently died. I would estimate that the renovation is 70-80% complete. Current comps would put the ARV at 125000, the seller is asking 80,000 but said she would negotiate. I have not tried to negotiate, mainly because I'm not confident in valuing the ARV or estimating repair cost. The large ticket items that would need to be taken care of are a new outside hvac unit and a pool that either needs to be filled or repaired. I have contacted a couple of contractors to give me an estimate but havent heard back from them, and I want to go ahead and lock the deal up asap. Any advice would be greatly appreciated.

Loading replies...