Considering buying a property sent to me by a Wholesaler friend. Id like to know the best tips and strategies for negotiations and the process in general. I am a Realtor and and very aware and knowledgable of the general buying/selling/contract/etc. This will be my first investment property to flip. Thanks in advance!
List price - $209
ARV - $290
Accurate numbers. 😁
Honestly that looks like $20k +/- profit. I wouldn't do it at a $200k+ outlay. If I was spending half that and making $20k I'd entertain it, but spending over $200k I'd expect $50k+