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Updated over 8 years ago on . Most recent reply

Tips on Renegotiating price
I have found the perfect property for me to make my first investment property and I have proof of funds to pay for it, but after showing the wholesaler the POF letter I feel like he's tryna to rip me off and get all the money he sees that I have available. He has the property under contract for 25k and he wants 36k to sign the contract over to me. That's an 11k wholesale fee on a property that needs an additional 20k in work, OUTRAGEOUS RIGHT??! It's been about 3 days and I want to renegotiate and see if I can get them down to 30k, which is the most I can pay the property and still have enough for the repairs. Any advice on how to get them to come down on the price to make it a win/win situation for everybody?
Most Popular Reply

offer your best price and they will either end up accepting it or rejecting it. If the higher numbers don't work for you then don't purchase it.