Hello everyone, I'm new to BP. I'm currently in the education phase trying to gather as much knowledge as possible about investing real estate. I'm also a license real estate agent here in the greater Hampton Roads. I drove by a small two bedroom SF brick home the other day that had a small for by owner sign in front of it. It looked liked it had a potential , so I called the owner. I'm meeting with him on Monday at 11:00am. I'm not sure what his motivation is at this point, but I guess I'll find this out on Monday. I believe it's his mother home and she passed away about 6 or months ago. When I asked him what he wanted for the property, he said " it was appraised at 90K and he wants at least 80K". So I asked to see it on Monday. There have been zero 2 bedrooms sold in the past year. So much for comps. At least 3-4 3 bedrooms, all sold for around 70K-76K. Wish me luck, because I'm going in with out a clue.
