Wholesale Deal Today
I've been working on a wholesale deal for about 3 months. Initially the seller wanted too much for the house. I just talked with the seller and she said she needs to "unload" the house and will take a loss. She owes about $50k and the ARV is approximately $90K. Repairs are $10k-$15K. I want a $5K assignment fee. I already have a buyer lined up who is looking for a house similar to this and will be financing the sale with a mortgage.
This is my 1st solo deal, so what are the recommendations for my offer amount and what other things should I be sure do?