All Forum Posts by: Kim Holder

That is kind of the underlying issue that I didn't directly address or ask.  You have articulated it much better.  With this being my first attempt and I'm sure it depends on the person, I anticipate it being a one shot opportunity to keep them interest.  If I come in low, I'll miss the opportunity.  If I'm high, I will pay too much and/or end up having to back out of the deal.  Because its a personal residence (initially) AND it being my first purchase, keeping emotions out of it is important to me.  

 Thank you, that is a very good question to ask!

I have found my first interested property owner from a cold call.  He wants me to give him a figure and declined to give me one as a starting point.  I have looked a comps in the area from the past 9 months and have a figure I feel comfortable with at 120/sqft.  The only knowledge of the property/condition is from public record and just driving by.  It is tenant occupied.  I plan to purchase, rehab, and live in it until I find another property to move into, then rent it. What questions should I ask, in addition to when the roof and mechanics of the house were installed? Are there any other techniques I should use?