I'm Seeking some much desire HELP, QUICKLY

[Stevie Dickson]

Hello,

Im looking at a property that has been vacant for many years. I finally got in contact with the owner, that said they wanted to sell but had to take care of some things first. But before getting a realtor they would contact me, giving me a chance to make them an offer... Well, its months later and I see a guy at the house with it open. I stop and introduce myself. He said he was the realtor and it was for sale. I did a walk through, told him I was interested and ask him to get me a number. Days later I hadnt received a number. So, I went ahead and wrote up one and emailed him an offer, texted him and told him to check his email, that I has sent him an offer. He later texted me back and said he would present it to the owner. I still havent heard from him. An associate contacted him as if he were interested and buying. The guy told him that THEY were going to access the property tomorrow and have a price and that it would be going on the MLS.

Here is where I need advice.

The market here is hot. I DO NOT want it going on the public market or MLS where there may be competition and more of a challenge to get my offer accepted. So, I have less than 24 hours to make something happen. But I dont know what to do, or if there is even anything I can do. The guy doesnt talk to much. I have ask for a number. I have submitted an offer and Ive offered to buy "AS IS" and CASH with no contingencies except a short inspection contingency.

This is my first potential deal, but its not looking good. I offered $40,000 with the intentions of being willing to go up to $45000

Are my numbers wrong? Am I doing something else wrong?

My calculations:

Sqft of House		1798
ARV Price Per Sqft		$82
ARV Sale Price		$147436
Rehab Cost		$40,000
Estimated Closing Costs		$13269 (9%)
Estimated Carrying Costs		$8846 (6%)
Desired Profit		$22115 (15%)
Desired Wholesale Fee		$20000
Buy Price		$43205

[Dwayne Poster]

Sounds like the Realtor may not have a signed listing. Drive your offer straight to the owner. He’s got a comm sitting in front of him to weigh. I get this often. Your numbers need to make sense to you.