To consider the stock market will double every 10 years historically its a much easier investment.Now if your argument was buying 20 acres of woodlands on undeveloped land on the edge of town thats a different ball game.

I think they key is to be truthful though - in these cases (at least with FSBOs) you're going to be one of the lower offers and it helps them to adjust to that idea a bit better than a BAM IN YOUR FACE low ball offer out of the blue.

I personally wouldn't want to get involved with this unless you were confident you had an end buyer lined up in case the bank doesn't play ball like you hope.

Which i bought for $27,500 put another $3,000 into repairs and got a line of credit for $75,000 and have been keeping this ball rolling for 3 years now.

I will say you won't end up putting in 200 offers because a realtor will be able to communicate with the listing agent and determine if the seller will consider a low ball offer prior to submitting it.

@Brian Garrett I like the ball park estimated savings for CapEx and Maintenance.

I found a good realtor but still they are delivering a low-ball offer and it seems really easy to reject it or not even counter as it’s just a # on paper and no face or personality attached to it.

I understand it could vary from situation to situation but is there a ball park figure to go off of?

FSBO generally will only attract low ball offers.

My first step is to figure out the phone number situation, then create a website and order maybe 100 bandit signs. keeping numbers small, but getting the ball rolling on marketing.