Need Help! Here are some numbers!

[Kimberly Martin]

Hi!

I have a seller with a 2/1 in a high rental area, 780sqft...rents run $550-$600..Pulling comps on this home shows ARV at $54,284. He wants $19,999. Needs $10k in repairs, which will probably be more like $15k. House is in decent shape and could probably be brought up to rent condition fairly quickly. I wanted to know from my fellow BP er's here if I should try and get him down to maybe $17,999. Not sure. I am not trying to do "eraser math," but this deal does look good. What do you think? Thank you for any and all help in advance!

[Andy Collins]

if your numbers are right its a deal at $20k,,,what you don't want to do is try to save $2k and have the seller take another offer.

If a deal is good, I don't push for the last few dollars,,,lose a deal that way and you'll want to jump out a window