Making 2 Offers this week. Wish me luck

[Marcus Durant]

Hi Everyone.

about 6 wks in I have made one offer that was outbid (oh well). that property was a 4bd 1a that need 20k in repairs (possibly 30k if mold was discovered behind the several owner-installed panels throughout the house). the ARV was 130. 4 offers were made and the highest bid was 110k. I started at 80. It was an informative experience.

This week I have 2 sellers I'm meeting with. the first has a 3bd/1ba house from 1885 that needs EVERYTHING. he put in new walls. it needs floors raised, a kitchen, 2 ba, lights, etc. repairs were estimated at 49k by my contractor. ARV is 135k. he says he wants at least 70k, lol! (he only paid 10k for it at auction and put in maybe 10k for all the new dry wall and paint.) thinking MAO isabout 45k

Second House is a 2bd/1ba that just needs about 15k in repairs. an updated kitchen, paint and refinishing of the hardwood floors on the main level, a few cracks in the stucco and some paint. purchased for 45K and ARV is at 109k. MAO is around 52-57k.

just giving an update that I am trudging along. meet this tuesday and wednesday to make my offers. 

Wish me luck! looking to sign my first deal. 

[Marcus Durant]

@Elizabeth Wilson Thanks!!!

@Lucas Machado Yep Yep!!! this will be my 2nd and 3rd Sellers. 2nd and 3rd Offers.  I really want to make it in real estate and i live by the mantras "you only get what you strive for" and "Seek and Ye shall find" lol!!!