How to calculate best offer for wholesale deals

[Chris Womack]

I've been receiving some inquiries from potential sellers for a wholesale deal, and I'm having trouble figuring out the best offer to give. I need help with how to send out offers for wholesale deals, how to evaluate the property before making an offer, and how to calculate the numbers. Any feedback on this topic will be highly appreciated.

Factors I consider before giving the seller an offer:

1. Are there any liens or mortgages?

2. Possible repair costs

3. Square footage of the property

I use BatchLeads to run comparables from similar properties. For example, after running comparables, I found that a property's estimated value is $580,000.00, and they have an existing mortgage of $420,000. What would be the next step after this?

Can anyone best assist me in negotiating better deals for my wholesale practices? Any help is highly appreciated.