DO I HAVE A DEAL?

Hello you need to be at 28K to buy and assign at 34k earn 6k on the flip, if hes at 40k walk away, and follow up in a week. I hope this helps remember this is a buyers market, not the orther way around, mr home owner theres lots of homes on the market, that will sell for what I offered. Just move on, theres nothing unless you can get it at the price I quoted.......Are there any repairs, is the house move in ready? I hope this helps....

From what Matt Larsen, recommended, if we are new at this we should be offering 40-50% discount. The deal would have to be attractive to pass on and assign. You may not be leaving enough "meat on the bone" for the assignee. Personally I would have started offer at 20-27k and ended up at 34k. Otherwise ..NEXT.

I think I'll just wait like you guys said.And next time offer a lower starting price.Thanks

Remember you make your money when you buy real estate, not when you sell. A Golden rule to remember.

How would we know if this is a deal in the first place? What will the house SELL for? Must not be $51,000 or it would have sold. So it is not worth $51,000 in today's market. What is is worth? Sold, listed and under contract comps will supply that answer. Doe it need any rehab/ remodeling in order to get that price? Even if it would sell at $51,000 and needed no work, your max offer if you are going to assign it would be $33,150 and then assign it for $35,700, making a $2550 assignment fee and leaving enough to make it a REAL deal for your buyer. They want to much unless you can sell it to a landlord type buyer.

Michael Mangham
MD Home Acquisitions LLC