Wholesaling off the MLS: How would you structure an Offer to Purchase so you can Wholesale a deal.

[Samson Kay]

I saw a property that was really run down, and turns out that its listed on the MLS. After talking with my agent I found out that its part of an estate that the current owner is trying to sell. But its decrepit, needs work and theres no parking at all.

But a deals a deal right? Comps in the area value the house at 109K. And from my walk through I estimate rehabs to be approximately 50000.

So 100,000 X .70 - 50,000 = 26300. So I was thinking of offering 25K and seeing what they come back with.

Since its on the MLS, I'll have to provide proof of funds and what not and probably will have to use a standard massachusetts P&S in order to even be considered. But how Should I structure my offer letter to the seller first of all? and Then how should I structure the P&S.