Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 03/09/2015

Account Closed
  • Atlanta, GA
8
Votes |
93
Posts

Deal or no deal?

Account Closed
  • Atlanta, GA
Posted

I spoke to someone yesterday who is interested in selling her house. Initially, I contacted her about selling the house she lived in but she stated that she had another property in her name that she would like to sell to get it off her shoulders. It is a 2 storied, 4 bed, 2.5 bath in the suburbs of Atlanta, Georgia. The ARV is $115k based off the comps in the area. Before I throw out my wholesale 70% rule number to her, I would like to know is there any other methods that would be a backup to get the deal closed where I make a profit. She's owned the house for 5 years, the house is fairly new with little needed repairs (maybe new carpet and paint). Currently, she is renting the property out to tenants and she said their lease will soon end in a couple of months.

The reason I am asking, the seller has a $200k ask price. If I offer 70% minus repairs, I am sure she will not accept it. Do you think their is another method?

Loading replies...