All Forum Posts by: Antoine Nelson

let's say as-is non renovated houses in that area (with similar square footage and needing similar levels of repairs) have been selling for around $60k. Renovated ones at $100k. Focus on the $60k number--that's your target selling price. Let's say you want to make $10k. Your top offer is $50k then. But don't offer that just yet, otherwise you have no room to negotiate.

Offer $42k, and be prepared to back it up logically (low comps, amount of repairs, etc). Then you can try negotiating and have some wiggle room to eventually land at or below your target purchase price of $50k.

Negotiate a figure that works, have them sign the contract, and then market for buyers. You will have buyers, if you got the numbers right.

This is just an example. Hope this helps

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I'm in the process of contacting contractors right now

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thank you!

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thanks a lot Jacob & Calvin

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Hello Guys,

I'm a newbie wholesaler starting in Burlington County NJ. I sent out a few letters from a probate list and got a call back within 2 days. I set up an appointment to see the home and went on Friday. Zillo stated the ARV was 99k. Seller said she had it appraised a few months ago for 86k "but the appraiser was a friend and didn't write anything on paper". The property has roof damage and a few cosmetics issues. I'm not good at accessing the repair value, but another wholesaler said I should offer between 26 & 35k after I told him it was 1420 sq ft. I told the seller I would call a contractor to give me a repair estimate so I can give her an offer.

Please help!

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All Forum Posts by: Antoine Nelson

Antoine Nelson has started 1 posts and replied 7 times.

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer

Post: Accessing the value & making an offer