All Forum Posts by: Brandon Proctor

 I will be offering tomorrow, I will update with hopefully good news.

So here is a property in which the owner seems to want to sell but not quite desperate to sell. He has it listed on MLS until the 13th of this month and the listing price is at 85k which is too high obviously.

I asked him whats the lowest he would take and he said 75k (which is still a no go). I took a look at the exterior of the property today and here is what I saw. I also have some photos from Zillow as well. I have other pictures but these are just a few of them, I'm trying to figure what the repair cost would be on this property. There are no similar comps on the street so its been difficult to figure ARV the lowest priced property sold for 110k. It was 3 bed 2 bath with 1872 sqft. This property is 2 bed 1 bath 984 sqft

 I ran a targeted campaign focusing on absentee owners with 30% equity or more. You can get these list from listsource.com for a fee. 

 Thanks so much! I am one who would rather act rather than standing idle not pursing my goals. 

I will definitely try to help the agent out as much as i possiblely can. I told him I would refer any potential sellers to him and any other investors to him as well.

I don't want him to think I'm taking advantage of his services. 

Sure thing

Thanks everyone for all the helpful information, I am currently going over repair cost and it has taken be quite sometime. How long does it normally take you experienced investors to come up with a rough estimate? Maybe it's because I want to make sure every last thing is taken into account but I have been going over repair cost for 2 hours now. 

Also negotiating will be something I need to practice before I meet with her again. 

 Thanks for the advice, I will run all the numbers tonight and offer in a day or so. Question so you have a sample purchase contract that I could see?

 I actually have an agent that has been pulling comps for me (he has been a huge help).  The comps are coming directly from homes that have recently sold on the street.

 Definitely, I'm not trying to push her too hard.  Being too aggressive could definitely turn her away.

My general contractor friend is going to run numbers with some sub contractors that he knows to get a more accurate number.  About the potential asbestos I won't mention it. The ceiling looked fine no spreading or holes anywhere.

I'm figuring the house after repairs will go for at most 150k. The most comparable home on the street recently sold for 135k with 2 bed and 1 bath with 1,271 sqft.