Negotiating

[Account Closed]

On one of the Bigger Pockets Podcast's (sorry, I can't remember the show) the guest said this about investing, "if your not embarrassed by your offer then your offering too much." I thought it was profound however is it true? How low do you go before u low-ball someone? Does anyone have any thoughts, stories and/or advice on the offers? How low is too low?

[Wade Sikkink]

When it comes to investing it isn't so much about what the seller is asking but rather at what price does the deal make sense to you.  Don't become enamored with any property and chase it.  Figure out ahead of time what price makes the numbers work for you, then offer that price.  That makes the negotiation pretty easy.  Tell the seller (or their agent), "This is the number that works for me.  If you can meet it, then great, we have a deal.  If not I'm going to move on."

Good luck.