Newbies First Wholesale Deal - What should I offer?

[Phil B.]

Hi Guys,

Im a newbie and did some heavy advertising over the last few weeks and got some pretty decent leads. One in particular seems like it's got potential to work out. I was going to make an offer tomorrow but want some opinions first.

Tampa, Florida, 4 bedroom, 2 1/2 bath, 2000 sq. ft. in a good family neighborhood currently being rented out. House doesn't need any major work and is in really good shape.

Comps are all over the boards from $168,000 back in November to $215,000 in December - those 2 are the most recent around and house is closer to the 215k house that sold in November. I know the neighborhood well and would put an ARV on it of $178,000. Thinking like a homeowner, that's what I would list the house for. It could probably fetch upwards of $205 in this current market or maybe even more but might sit for a while. Current owner wants OUT.

Owner owes 110k and its currently being rented out to good paying tenants. Rent is $1650 per month. Mortgage is current, Im told no liens.

I'm looking to do an assignment deal, selling to flipper or landlord.

What would you offer?