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Erick Pough
  • Investor
  • Philadelphia, PA
8
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16
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Motivated Seller?

Erick Pough
  • Investor
  • Philadelphia, PA
Posted Jul 26 2014, 23:44

So I have been doing tons of research, and I even watch a great webinar by Sean Terry. I'm highly motivated to find motivated sellers. I've been utilizing my Internet resources to find them. I notice a couple properties that could be possible leads. I inquired about several FSBO's and already received a quick response from one possible motivated seller. I've done research on the property and notice the home has 5500 in back taxes. I did a Lil research and the ARV is 50,000. The house needs a full rehab and that's estimated at 32,000. I wanted to come with an offer before I even talk to this guy since it's my first deal. Any advice on how to execute and continue the process. His is Asking For 21,000. I'm thinking more like 10,000 32 at the most . Any wisdom out there ???

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