Making an offer on first deal

[Susan Grinde]

If the analyzed numbers make sense at the listing price (ie, $250 cash flow and 14%CoCROI), would you still make a lower offer?

[Susan Grinde]

Just a quick update.Thanks for the insights on always trying to get a better deal. I was able to purchase the home almost $8,000 below asking (which is about 2% lower than the average sale/list %) instead of what I originally thought I would offer before asking BP community.  I now own a student rental. I will be able to raise the rent to bring it to the current rental market prices and it should nicely cash flow $600/month. With our retirement a few years off this will be nice to have in our portfolio. Now off to educate myself more (will be purchasing the Freakonomics book) and find another home to purchase