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Updated over 10 years ago,
Is this a deal? wholesale
I recently sent out my first campaign letters. I received my first phone call today. It is a lady who owns a property with a tenant and wants to get rid of of the house. She told me she had a lot going on in her life right now and didn't have time to deal with the house.
The ARV is around 80,000 per zillow and around $65,000 on realtor.com. She threw out $40,000 as a figure but then took it back because she didn't know how much the property is really worth because she bought it as a short sale a few years ago.
I spoke to someone and they told me that I should offer $20,000. This seems low.
All advice welcome as this could be my first deal.