When to make an offer?

[Frank Leone]

Hey guys! So I have been analyzing properties for potential flips and I have now found one that fits my criteria. Its bank owned and only needs cosmetic upgrades. The ARV is in the range of $120,000 - 130,000. The bank is asking $92,000 but if I can get it for $75,000 or less it would be a profitable deal. Now I have an investor who is very eager to invest. I wanted to know the best way to present the deal to him? Should I have my realtor ring up some comps to show the ARV of other homes in the area then go through the home and do a repair cost breakdown of the project. Then show my investor this information and how it will be profitable? Just want to make sure he will be willing to invest in me based on my proposal.

[Brian Pulaski]

You have to ask your investor what he wants to see. I imagine anyone handing over money will want to see solid evidence the deal is an actual deal. My first step is ask him what he wants to see. Then get a realtor giving you accurate ARV. Finally go see the house and determine the repair costs. Put the info together for your investor and present it.