Quick question if you all have time to answer. I just got off a call with a realtor about a distressed property. They are selling the property for $79,550 3bd 2ba 1350 Sqft. She told me the sellers are willing to negotiate any price I am willing to submit. I calculated in that neighborhood an ARV of $198,617 for that size home. The price point I was considering was $66,617+$100K for reno+$5K for assignment fee. Is this a good price point? If this were your deal, how would you structure it? Also, she asked if I could submit an offer, and will the offer be the purchase agreement?
How did you come up with the 100k for reno?
Yes the offer is the purchase agreement.
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