Amount to offer?

[Luis Rojas]

While driving around this weekend, I noticed a few abandoned properties. I am preparing letters to send to the absentee O's, but am unsure of amount to offer. How do I determine how much to pay for the property? This is probably something simple but starting out could you some advice.  

[Jim Pellerin]

An opening negotiation would be ... "Would you consider selling the property for what you owe on it?". That would at least start the negotiation. Focus on what the owners problem is and what you can do to solver their problem. Once you have a price then you can decide what you exit strategy might be. Are you going to fix and flip, fix and rent it out, wholesaling or Lease Option.