First of all, thank you Dean for writing quality content and developing a great community for the real estate investor.
In an attempt to follow the 25:1 Offer System I've placed 19 offers and just had my first accepted.
The property is a 4/1.5, 1,619 sq ft., SFR.
The asking price was $39,900.
I offered $23,000.
The bank countered at $31,000.
I countered at $29,500.
The bank countered at $30,000 and I accepted.
The property needs $17k in repairs.
ARV is $73,181. (Total View Real Estate Research)
Zillow has it at a little over $92k.
Auditor Tax Value is $89k
Comps range from $70k - $95k.
This will be a rehab and flip and safe to say that I am VERY excited.
Thanks again to Dean and the entire DG forum family that gives so unselfishly each day.
Kurt