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 about 7 years ago on . Most recent reply

User Stats

20
Posts
17
Votes
Jessica Brown
  • Florissant, MO
17
Votes |
20
Posts

Make an offer or let it go?

Jessica Brown
  • Florissant, MO
Posted

Hi everyone,

Newbie to Wholesaling RE and I could use an experts advise. Hopefully this is seen by someone in the Belleville, Illinois area. This my first potential deal, with very motivated sellers. They bought a house hoping to become landlords but just do not have the time. They are pretty much willing to take any offer I give them, as long as they don't have to come out of pocket. However, I want to do right by them as well as myself. I am new to calculating ARV as well. Right now it appears that the house as is on the market is at about 58K in Market value. I can't seem to determine how much it could sell for if it was all fixed up correctly. They also owe around 50K on this property. Does anyone have any specific advise or ideas? In terms of if I should let this deal go. If I should pursue it, how can I accurately determine the price it can sell for once it's fixed up. That way I will know how much one of my potential buyers will purchase for a house in that area?

Just in case this info helps: it's a 3 bedroom, 1 bath, 1088 sq ft, 50K still owed

Thanks in advance for your help!

Jessica Brown

Most Popular Reply

User Stats

20
Posts
17
Votes
Jessica Brown
  • Florissant, MO
17
Votes |
20
Posts
Jessica Brown
  • Florissant, MO
Replied

@Frank Adams The fact that you took the time out of your busy day for this says a lot. And no I don't need you to go on. That is the one thing I dislike about this forum. 

People like you use it as a means to put people down and try to make them feel small. But thanks for taking the time out of your day to give your input, even though its obvious you didn't have good intentions. 

Loading replies...