Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on .

User Stats

4
Posts
0
Votes
Francis Woods
  • LA, CA
0
Votes |
4
Posts

Disclosing budget when prospecting for sellers

Francis Woods
  • LA, CA
Posted

Hey folks,

First of all thanks for this incredible resource and forum, it has been very helpful in getting me to this point. 

My situation is that I am a motivated buyer in a deeply competitive market looking for deals outside of the MLS. I've found a few leads and am figuring out how to craft my initial outreach by email or letter.

One big question I have is should I disclose my budget or any numbers in that initial contact? On one hand I feel that including a number might grab their attention more, and if they're truly motivated might lead them to pick up the phone. On other hand if I low-ball them too much it could be off-putting and if I disclose my actual range, I might lose power to get a good deal in any potential negotiation.

Any tips or advice on this topic?

Thanks so much!

Francis