Cold Calling: Guy Asked Me To Make An Offer. Now what?

[Cody Evans]

Hi BP,

I cold called a gentleman today who is a out of town owner and he said sure I am interested in an offer. I told him I collect info and have to do the math on it. Every question I asked him: beds, baths, debt, mortgage, house condition etc was answered with "I Don't Know".

I feel like this guy is trolling me but why the heck not make an offer to him?

Beds:3

Baths:2

Redfin says value is 350k. A house(3/2) that sold 4 houses down near the same street sold for 400k. Property Radar says its value is 430 and equity is 250. Zillow says value is 415, realtor says 430, homesnap says 375.

My first thought at an ARV is that it is probably 400k but I am unsure.

Anyway, assuming 400k is the ARV my first offer should be 150k

MOA is 400k(0.7) -60k repairs-20,000 wholesale fee = 200 MOA.

I consider these numbers to be very conservative. I should probably do .75ARV is my thought. 

Thank you for any help

Note: These are not my best estimates. I am just throwing stuff out there quickly so you guys can hopefully fix it better and I can quickly get back to him by tomorrow night.