Driving for Dollars Worked...

[Dayne Winters]

Hey all. I recently decided to drive for dollars on 20 properties I wrote down that were distressed, as I’m looking for my next deal. I called an elderly couple who said my timing couldn’t have been better. They had, just two days prior, talked about selling the property, before my ohone call. They just recently completely renovated one side of their A House Duplex and added another bathroom. The other side has renters who have been there for 10+ years. They would like to give me first crack at purchasing the property because of my phone call. I believe to be emotionally invested in this because I found this property myself. However, the numbers are as follows and any input would be greatly appreciated: Asking price-$270,000 Unit A Rent-1400 Unit B Rent-900 (10+ year renters) PROPERTY APPRAISAL-$260,000 THIS DOESNT MEET THE 1% RULE, BUT WOULD WITH UNIT B AT MARKET. THANKS GUYS!