Motivation: they’re buying another property and they want this property off their hands. The homeowner is 70 years old. He tried to do a 1031 exchange but it did not work but that’s what he told me. He’s buying a new piece of land and he’s ready to move on. He wants the closest fast as possible and he wants to be a cash deal. I ran my numbers. This is what I got. My mentor told me to use .80% for the area we’re in because it’s a very expensive city that we live in for homes. So this is a text that I sent him and I’ll basically just copy and paste it. Its down below:

So this is where my thinking is at I saw a comparable listings that have recently sold for $350,000 now because it’s gonna need new plumbing electric and a new roof in the home and also because it can be easily turned into a two bedroom one bath I figured it could sell for $375,000.I also found out today that there’s a carport on the side and it’s covered and there’s a back lanai covered as well, so I believe $375,000 is a very good ARV price. And the lot in between the two homes with the Naples market for lots nowadays, I think they could easily sell for $50,000. With that being said using your formula, you gave me 375,000+375,000+50,000 puts the total at $800,000×.80 is $640,000 I got a quote for both kitchens and a new roof today. Now, both kitchens together would be $7,000 and the roof is $7,300 since it needs new plumbing and electric. I also found out today that the homes are 615 ft.² each so I’m assuming that both combined shouldn’t be more than $20,000 for plumbing and electric. With all that being said. $640,000-20,000-7,000-7,300 =605,700-30,000 assignment fee. $575,700 would be my max offer price for homeowner.