Hello to All,
I just want to start off by saying thank you to each and every participant for all the helpful and very informative information that has been posted. I just recently bought Dean's book Profit From Real Estate Right Now. I am new to this site and possibly working with my first deal.
I have an owner that is on the edge of agreeing to sell his property for 410000, but this property is assessed by the city at 407000. He wanted 420000 because of lot size and location. I believe it could be a possible good assignment because it is in a R2 zone where there are lots of other infills going on. This location is great for developers because it is close to downtown. So based on the sale of properties in the area I believe I can do a quick sell to a developer for at least 420000. I am talking with a few developers tomorrow.
My question(s) is should I be offering 410000 for the property? Will it be better to do an assignment or an IEE with a developer?
Thank you to everyone in advance for your help.