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Clarification on cryptic BP blog post
The BiggerPockets blog post on HouseHacking states that:
How come the author wrote that 'you don't pay full price'? Is that assuming you have negotiated it down? Or is it because of some other technicality? The article isn't really clear as to why you don't pay full price.
Thanks!
Most Popular Reply
I believe what the author is getting at is when it comes to buying investment properties you never WANT or SHOULD pay full price. You always want the deal and always want to pay less than the house is worth. The house the author refers to in the blog is listed at 200k and then is purchased for 150k hence not paying full price and getting a deal on the house! If you have to pay full price you are likely looking at a bad deal or a worse deal than you should be looking at.