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Updated about 16 years ago on . Most recent reply

Paul Huntley's profile image
Paul Huntley's profile image
Paul Huntley
  • Real Estate Investor
  • from Matthews, North Carolina
  • Member since Feb 3, 2009
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28
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1
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Paul Huntley's profile image
Paul Huntley's profile image
Paul Huntley
  • Real Estate Investor
  • from Matthews, North Carolina
  • Member since Feb 3, 2009
Connect
Paul Huntley
  • Real Estate Investor
  • Matthews, NC
1
Votes |
28
Posts
Wholesaling

Wholesaling question?

Paul Huntley
  • Real Estate Investor
  • Matthews, NC
Posted

I need help with this deal.
ARV 219,000
(.65*219,000)-10,000[repairs]-21,900[holding]-10,000[wholesale fee] = $100,450 MAO

Now the seller currently owes $157,000 on the property. Would it be an insult for me to offer the seller $100,450 knowing that they owe more than my offer. Should I at least offer what the seller owes on it, or should I not even worry about what the seller owes and just make offers based upon my numbers? I wanted to get an opinion from an experienced wholesaler on how you generally make offers. Any help will be appreciated.

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