Thoughts on submitting transparent offers (including expected profit)
I know the common mindset is not to talk about how much money you're making out of a deal with the seller, as it's none of his business.
Let's talk about the opposite approach for a second: full and frank disclosure. A line by line breakdown of expected repairs and other expenses, including a line that shows your expected profit.
With such an offer, I would candidly tell the seller or listing agent what my minimum requirements are for getting into a deal, so that the other side doesn't feel entitled to just counteroffer away all the profit.
Has anyone tried this transparent approach to negotiation? I'd appreciate any feedback you have.