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Updated about 8 years ago on . Most recent reply

User Stats

71
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VeinTwain H.
  • Real Estate Agent
  • Killeen, TX
25
Votes |
71
Posts

Complicated Deal Advice

VeinTwain H.
  • Real Estate Agent
  • Killeen, TX
Posted
I have a great deal with a super motivated seller but he has self managed since he purchased the property so he has no formal records but in my assessment his properties are a steal. My dilemma is all of my investors like paper trails and are to nervous to take the risk how can I make to deal work without the normal paper trail.

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Replied

Mitigate their risk concerns with a lower offer. Money always makes people come around, if not walk away there will be another deal tomorrow.

I am in a similar situation, negotiating with a self managing seller since last fall. Not only has no paperwork he is lazy as hell. Trying to get any information is like pulling teeth. Difference is I only have to satisfy myself, no investors.

Right now I am his only option so I have that advantage and I intend to make him pay for his mismanagement style or walk away. If you are not your sellers only option you do not have much negotiating advantage. 

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