Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Wholesaling
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 2 years ago on . Most recent reply

User Stats

28
Posts
47
Votes
Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
47
Votes |
28
Posts

1st phone call with agent

Tenetrice Johnson
  • New to Real Estate
  • Dallas, Tx
Posted

Hello all. I just made my first call with an agent on a distressed home and....It. Felt. Good. The agent was nice, I tried my best not to sound "new" or "nervous" but I built a little rapport and put in my offer. WHEW! I asked her what percentage of the ARV are people buying at and she didn't know. How would I find that out? I used .75% to calculate my offer to her but I know some markets fluctuate. Thank you for reading.

Most Popular Reply

User Stats

177
Posts
285
Votes
Matthew McKee
  • Real Estate Coach
  • Boise, ID
285
Votes |
177
Posts
Matthew McKee
  • Real Estate Coach
  • Boise, ID
Replied
Quote from @Caleb Brown:

I would go off of the numbers. Everyone is different. Most people will buy in the 70-80% ARV range. Also look at the return on investment in $$ and how long the project will take.

Solid advice, planning your buy box then finding the deal that fits is always a smart move to keep emotions out of the thrill of the hunt.


congratulations @Tenetrice Johnson!!! What a monumental day! It only gets easier from here, keep on plugging away! 

Loading replies...