Contracts and Offers

I have researched, read and re-read and I still am having trouble figuring out how to make reasonable offers. I don't understand how you decide if you are going to offer 20% or 30% or whatever of the FMV. I can figure out the FMV, but from there I am still not confident in what to offer the seller.

Example:
Property:4/2, 1300 sq ft, built 1963, needs 5k repairs
FMV: 170,000 (using comps, true val, trulia, cyberhomes, etc.)
ARV: 210,000-220,000
I am thinking of an offer of 134K
Back door: flip to wholesaler for 5k

Property is in a saleable area, blue collar in southern calif.

Can anyone help me with this?
Thanks,

goldrush

I put an offer in on a home about a week and a half ago. The realtor was real excited and said that the bank normally responds within 24 hours. A few days later the bank asked for the highest and best bid, as they had another (but the people were having issues with their financing). I have left multiple emails and voicemail messages, but to no avail. My gut tells me to get my own realtor and have them re-enter the offer....any advice?

I put an offer in on a home about a week and a half ago. The realtor was real excited and said that the bank normally responds within 24 hours. A few days later the bank asked for the highest and best bid, as they had another (but the people were having issues with their financing). I have left multiple emails and voicemail messages, but to no avail. My gut tells me to get my own realtor and have them re-enter the offer....any advice?

Little confused here...the section of this disclosure that states, This sale shall be contingent upon the Investor finding a Buyer that shall qualify for financing according to accepted criteria of ____________________ and its funding sources.

What belongs in this blank?

The Best Way To Negotiate A Real Estate Contract

There are some things you should remember when entering into contract negotiations. Here are a few pointers to help achieve positive results in creating a good real estate deal.

* Determine what you are trying to achieve.
a) A better price for everyone
b) Closing as soon as possible
c) Move into or out of the home in a timely manner
d) Ensure a quality property with repairs and updates done

* Negotiate with reason not emotion
a) Do not get angry
b) Compromise fairly
c) Do not be judgmental
d) Make every point clear and understood

* Try not to negotiate standard or normal policies
a) If it is normal for the sale to be contingent upon an inspection, do not try to negotiate this

a house under contract out of state? Please this is urgent!!!!

nwbirddog911

Can I close on a deal without being there? If so how does that work? For example I get seller under contract in oklahoma but I reside in chicago. Also the buyer/investor is located i oklahoma. Do I have to be there in person on closing?

Has anyone ever done double assigning? For example,
I negotiate a purchase with the seller for $5.00, I assign the contract for $7.00, the buyer in turn assigns the contract to another investor for $9.00.

Is this possible?

nwbirddog911

Can someone send me an example on how a assignment to contract and agreement to purchase already feeled out so I can know how to correctly complete them?

If anybody would like to team up and do some assignment or IEE deals or just get together and discuss ideas on how to exactly structure these types of deals PM me.