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Updated about 1 year ago,
negotiating discount when purchasing multiple properties
Hey All,
I am considering the purchase of two properties from a flipper.
I can get both subject to, but the flipper also wants a cash premium on top of that (which I understand).
The flipper is asking near retail for both (one has been fully re-habbed (asking full retail price), the other has not been re-habbed (asking near retail price).
My main question is (and I understand there is an "it depends" to all of this), without taking rehab into consideration what kind of discount should I expect/propose on a deal? Is there a "standard" when buying multiple properties at once (I am guessing, "it depends.") but thought I would ask.
The flipper is motivated to get cash out in that he has said there is another bigger, stronger deal he is working on and needs the money.
Happy Holidays, and thanks for your time.
Regards,
Bob