Wholesale in the Bronx

[Richard Decoste]

I am new to wholesaling in the NYC. I have driven around and sent out yellow letters in Brooklyn and Bronx. I have a lead which is a 5unit with a 3 car garage. The 3car garage is on a 25x100 lot. The seller is in his 60s and wants $350,000. The Zestimate shows for 415,000. Neighboring properties with the same square footage recently sold between 400,000 and 475,000. I found a closing attorney to do the dea who has an end buyer/contractor. The problem is he said I can't use my biggerpockets p/s form to make an offer. I should make an offer using a letter.

1- How much should my offer be?

2-The property has no mortgage, but has three tax liens bought by BNY Mellon totalling $60,000 + a mechanic lien from an oil company. Do I need to contact BNY mellon or is that my closing agent's worry?

3-I want my fee on paper, in writing