Analyzing/ Over Analyzing a Property

[Andrew Mazzenga]

Hello friends,

I have begun to put a buyer list together, its a little tougher than i intended but i think i will get to where i want to be if i keep plugging away at some different ways to get buyer lists going.

My question is, when i am finally comfortable with the buyer list i have created, I will begin to look at some FSBOs in order to be able to position myself to make a strong negotiation. i think that i will gain some confidence by just going out there and throwing some numbers around to see what sellers threshold is as far as how much i can bend them. I think this will give me a little more confidence when i actually analyze the subject property i want to put an offer on and come up with the proper numbers. this leads me to the question...how should i go about determining a "highest price i am able to go as the wholesaler?

Also i think that i will be able to add value to myself if i am able to put together a subject property general info packet for my buyer list. i would include pictures, neighborhood and school demographics, comps pulled from MLS and an estimate of the repairs and costs that would need to be done to the property to bring it to its highest value ( i would bring in a 3rd party contractor not involved in the deal or an inspector). I know that if i was on the other side of the fence as a property flipper i would appreciate this info... is this too much, am i thinking too hard about this?

Thank you so much for anyone that responds to these posts, you guys are such a huge help for people like myself who truly want to learn this business!!!

Andrew