I started a painting business called Integrity Painting (contact me if interested), I'm going to attend MBA classes at night, and I'm learning about REI.

.- ARV = $82,500 (which was conservative, recent comps for smaller houses came back slightly higher)- Repairs needed = Around $10,000 for rental - (Needs central air, some rotten board on the outside, some doors/sheetrock repair, and painting)We wanted to try to start out with a $10,000 assignment fee to split between us and work our way down depending on what they would take as an offer.

Got any tips/pics for the rest of us?

Hello,Newbie here ready to venture out in the field, any last minutes tips by experienced door knockers?

I'm somewhat new to the business and hoping you guy's may have some tips for the newbie.

Are you just going to carpet and paint or are you gutting the whole thing?

The speaker was not trying to give you rei tips but promoting NR as the next best thing since slice bread.

I paid him $45K, put $2500 into roof and paint and resold it it in ONE DAY for $62K.

The deposit is used to repair/clean/paint anything that the tenant did to the apartment.

Nothing serious, paint, a tiny bit of sheetrock repair and some light fixture updates on the older one.Anyone have a feel for how much off their asking price they'll entertain withouth laughing at my offer?