Updated about 9 years ago on . Most recent reply
Soon Close to 1st Deal, Need Advice!
Hi Everyone!
I'm trying to lock up my first wholesale deal (and get to closing as my previous contracts fell through). I have a seller who seems motivated to sell property for $135,000 in Desert Hot Springs, CA. ARV is $185,000. 4 bed 2 bath 1570 sqft. Per seller house needs new carpet, paint, landscaping, and tile replaced in one bathroom (15-20K?). Tenant is month to month paying $950. My question is what should my offer be around. I was thinking $115-125. Also the seller asked about references. Any feedback on how to handle this question? Any investors/buyers in this area that can help? Thanks!