All Forum Posts by: Lori Greene

Hi Roger, I'm an investor in your area. Nice to meet you.

Hi Alan, I'm an investor and RE Investing Coach from Huntsville, UT. I'm doing deals mostly near Ogden, wholesales, flips, rentals, tax deeds, etc. It's nice to meet you. I love finding new contacts to add to my list.

Hi Jesse, I'm an investor & RE Investing Coach from Huntsville, Ut. I've been investing near Ogden. I love the market here. Always looking for investor friendly connections in UT. Also always looking for Cash Buyers. Nice to meet you. Let me know if you want to be added to my list.

Hi Jennifer, nice to meet you. I always love finding investor friendly agents near me. I am an investor and RE Investing Coach from Huntsville, UT and currently investing near Ogden. It's a fantastic market here. I've coached hundreds of people to their success. It's interesting to see that your interest is the same as mine. I actually have a Seller Finance/Subject To, Buy/Hold/Rental deal I'm getting ready to close. If all goes well, I'd be happy to pass it on to you. I will add you to my list of those I contact when I have a deal to pass on.

Hi Jason, I'm Lori Greene, investor and RE Coach from Huntsville, currently investing near Ogden.

I never make offers higher than 70% of ARV and generally try to stay below that. I guess what I really want to know is if I can typically get offers accepted for less than 75% of ASKING PRICE, especially to banks (short sales, REO's). I generally haven't been offering less than that so I can get more offers accepted over the competition.

Is anyone having success getting offers accepted by banks on a regular basis offering less than 75% of asking price, especially in a somewhat competitive market like UT? If so, please elaborate on your experience.

William, I love your suggestions to talk with the POF provider about the Buyer and also to give some of the assignment fee to the seller to make up for any deal gone bad. Thanks. It's so great to hear other peoples ideas.

Just curious the experience of others besides myself. It seems like here in UT, my offers are generally within a certain range. Most of the properties I make offers on have asking prices between 65 - 85% of ARV. After crunching my numbers, taking all costs into consideration, I usually end up with an offer around 75 - 85% of asking price and around 60 - 70% of ARV.

Let me know if that sounds typical to you. Or are you getting offers accepted for less than that?

Thanks Jeffrey and Becca. That gives me a pretty good idea that we should stick to what we've been doing, marketing to everyone. We will just try to be more careful about investigating those we sell to. Another reason we thought about selling to Cash Buyers only was so we could eliminate the financing costs of the Rehabber in our number crunching to increase our offer amounts and get more accepted.

 Thanks Brock. I have always marketed our deals to hard and private money lenders in case they wanted a rehab or knew someone who did. I will continue to do that. But I like your idea of actually finding out who their money source is and going directly to them. Thanks.