Wholesale Live-in Buyer

[Jabari Adams]

I just sent my first round of letters out on Saturday and this was the first response I received:

Hello Jabari,

I received your letter expressing your interest in purchasing my property at the above address.

I just finished spending $20,000 in renovations. This property is now one of the best in

Rittenhouse Park. The property has an estimated value of $115,000. If you are interested

in making me a serious offer, I would be willing to listen.

Thank you.

The neighborhood that the house is in the average comps are $55,000. I'm not really concerned about his valuation, I'm really concerned about my next approach. I'm wondering if I should maybe wholesale it to a live-in owner instead of a normal cash buyer/flipper. Any suggestions?