wholesaling a 2 family home

[Cory Gardner]

I got a lead from my direct mail marketing and I talked to the seller and the property is a 2 family house that is worth about 120k as is and currently is rented out. Each apartment rents for about $700 and he wants 90k but that is before I even looked at the property and actually negotiated with him. I'm sure I can get him down to 80k easily. The question I am asking is what price should I be looking to get since it really doesn't need to have any repairs done and the property is already cash flow positive? If I get it to 80k that is 67% of the appraised value and even better percentage if I was talking about the ARV. Any help is appreciated.

thanks so much to the bp community!!

Cory Gardner