Wholesaling - Going for it... But need pro advice
Got a property listed for 99k. 70% of ARV is 86k. Est. Repair costs roughly 20k. Is it possible for me to negotiate this deal and apply an assignment fee worth my efforts? The property needs quite a bit of work and I'm off to take a look today. My premeditated low-ball offer to the seller may go as low as 44, maybe 50k, max of 70k... To the buyer, highest listing at 90, lowest at 80k, possibly a bit lower... I know my numbers are pushing it, but are they reasonable and feesible enough for the asking price and the buyer's interest or unworthy of time and effort?