Help in South Denver

[Drew Oesterle]

Hey Colorado investors. I have a lead on a property in highlands ranch. It is literally a turnkey. There are renters in it right now and have a lease till June. The owner is out of state and wants to get ride of it. It is a 3/3 1,400sq/ft. According to Zillow and RedFin, I estimate the ARV comp to be around 380k. Only really needs about 1-2k for touch up stuff. I'm not sure yet what it is renting for currently, however renter comps in the area are around 2200-2500 a month and could potentially be more. Now the question...I'm still a newbie investor, have yet to do my first deal. I have been focused on wholesaling, however I have not landed anything yet. I just started my first mailing campaign, hence the potential lead. I do not have any of my own money to invest. Although this seller is anxious to sell and willing to do it at a discount without a realtor, she is not a "Highly" motivated seller, or at least I don't think I could do a wholesale deal with her. Because of this, I'm trying to figure out the best option for a property like this. I was planning on making an offer of 330k to start things off. What do you think. Not sure what to do. Any help would be greatly appreciated!

[David Yates]

Since the owner is not highly motivated to sell and you already have renter's in the house, If the renter's want to stay there, or even if they don't, you might want to ask the owner if they would consider a lease option.